Section 205 ILCS 205/7005 - Holders of deposit accounts
Deposit accounts of a savings bank may be held as follows:
(1) by any individual in his own right, regardless of age or marital status, or by 2 or more individuals;(2) by a fiduciary when authorized by law;(3) by a government or governmental instrumentality when authorized by law; and(4) by any corporation or other person when not prohibited by law.