reglab/housing_qa huggingface dataset:
205 ILCS 205/12102
2021 Illinois Compiled Statutes|Chapter 205 - FINANCIAL REGULATION|205 ILCS 205/ - Savings Bank Act.|Article 12.1 - Effect of Repeal of Illinois Savings and Loan Act of 1985

Sec. 12102. Effect on special funds.(a) The Savings and Residential Finance Regulatory Fund established under Section 7-19.1 of the Illinois Savings and Loan Act of 1985 is hereby redesignated the Residential Finance Regulatory Fund.  The fund shall continue in existence under the Illinois Residential Mortgage License Act of 1987 without interruption and shall retain all moneys therein, except moneys required to be transferred or returned from Savings and Residential Finance Regulatory Fund, now designated the Residential Finance Regulatory Fund, to the Savings Institutions Regulatory Fund, now designated the Savings Bank Regulatory Fund, pursuant to subsection (e) of Section 7-19.2 of the Illinois Savings and Loan Act of 1985, shall continue to be required to be transferred or returned to the Savings Institutions Regulatory Fund, now designated the Savings Bank Regulatory Fund, as if subsection (e) of Section 7-19.2 of the Illinois Savings and Loan Act of 1985 had not been repealed.(b) The Savings Institutions Regulatory Fund established under Section 7-19.2 of the Illinois Savings and Loan Act of 1985 is hereby redesignated the Savings Bank Regulatory Fund.  The fund shall continue in existence under Section 9002.1 of this Act without interruption and shall retain all moneys therein.  (Source: P.A. 98-1081, eff. 1-1-15.)
205 ILCS 205/12103
2021 Illinois Compiled Statutes|Chapter 205 - FINANCIAL REGULATION|205 ILCS 205/ - Savings Bank Act.|Article 12.1 - Effect of Repeal of Illinois Savings and Loan Act of 1985

Sec. 12103. Effect on foreign associations.(a) Any existing foreign association shall be deemed to be an out-of-state savings bank under this Act.(b) Notwithstanding any other provision of this Act, an existing foreign association may retain any branch or office in the State that properly existed in the State at the time of the repeal of the Illinois Savings and Loan Act of 1985, and continue to engage in the same activities in  the State therefrom as were engaged in immediately prior to the repeal of the Illinois Savings and Loan Act, without further application or notice to or approval of the Secretary.(c) An existing foreign association may retain a representative office in the State that properly existed in the State at the time of the repeal of the Illinois Savings and Loan Act of 1985, provided that the foreign association obtains a license under the Foreign Bank Representative Office Act.  (Source: P.A. 98-1081, eff. 1-1-15.)
205 ILCS 205/12104
2021 Illinois Compiled Statutes|Chapter 205 - FINANCIAL REGULATION|205 ILCS 205/ - Savings Bank Act.|Article 12.1 - Effect of Repeal of Illinois Savings and Loan Act of 1985

Sec. 12104. (Repealed).        (Source: P.A. 98-1081, eff. 1-1-15. Repealed by P.A. 100-783, eff. 8-10-18.)
205 ILCS 205/12105
2021 Illinois Compiled Statutes|Chapter 205 - FINANCIAL REGULATION|205 ILCS 205/ - Savings Bank Act.|Article 12.1 - Effect of Repeal of Illinois Savings and Loan Act of 1985

(205 ILCS 205/12105)Sec. 12105. Applicability of other Acts.  Whenever in any Act the term "savings and loan", "building and loan", "mutual building loan and homestead", or "building loan and homestead" or other similar name is used with reference to an association organized for the purposes of associations incorporated under the Illinois Savings and Loan Act of 1985 or a similar Act, such reference shall be applicable to a savings bank operating under this Act. Whenever in any Act the term "members", "shareholders", or "investors" is used in connection with such associations, however named, the same shall refer to members and holders of capital of savings banks operating under this Act.  (Source: P.A. 98-1081, eff. 1-1-15.)
205 ILCS 205/Art. 13 heading
2021 Illinois Compiled Statutes|Chapter 205 - FINANCIAL REGULATION|205 ILCS 205/ - Savings Bank Act.|Article 13 - Effective Date

 ARTICLE 13.      Effective Date
205 ILCS 205/13001
2021 Illinois Compiled Statutes|Chapter 205 - FINANCIAL REGULATION|205 ILCS 205/ - Savings Bank Act.|Article 13 - Effective Date

(205 ILCS 205/13001) (from Ch. 17, par. 7313-1)Sec. 13001.     Effective Date.     This Act takes effect July 1, 1990.    (Source: P.A. 86-1213.)
205 ILCS 620/Art. I heading
2021 Illinois Compiled Statutes|Chapter 205 - FINANCIAL REGULATION|205 ILCS 620/ - Corporate Fiduciary Act.|Article I - General Provisions

 ARTICLE I.      GENERAL PROVISIONS
205 ILCS 620/1-1
2021 Illinois Compiled Statutes|Chapter 205 - FINANCIAL REGULATION|205 ILCS 620/ - Corporate Fiduciary Act.|Article I - General Provisions

 (from Ch. 17, par. 1551-1)Sec. 1-1.     Short Title.     This Act shall be known and may  be cited as the "Corporate Fiduciary Act".    (Source: P.A. 85-858.)
205 ILCS 620/1-2
2021 Illinois Compiled Statutes|Chapter 205 - FINANCIAL REGULATION|205 ILCS 620/ - Corporate Fiduciary Act.|Article I - General Provisions

 (from Ch. 17, par. 1551-2)Sec. 1-2.     Policy of Act.     The General Assembly finds  that corporate fiduciaries perform a vital service in the  administration of trusts, guardianship, receiverships, estates  and other fiduciary capacities; that it is in the public  interest that prior to accepting any fiduciary appointment, a  corporate fiduciary meet minimum qualifications with respect to  financial capacity as well as managerial competence and  integrity; that the operation of a corporate fiduciary is  impressed with a public interest such that it should be  supervised as an activity affecting the general welfare of the  people of the State of Illinois; and that a corporate fiduciary  should obtain its authority, conduct its operations and be  supervised as provided in this Act.    (Source: P.A. 90-655, eff. 7-30-98.)
205 ILCS 620/1-3
2021 Illinois Compiled Statutes|Chapter 205 - FINANCIAL REGULATION|205 ILCS 620/ - Corporate Fiduciary Act.|Article I - General Provisions

 (from Ch. 17, par. 1551-3)Sec. 1-3.         Scope of Act; application to national banks,  federally chartered savings and loan associations or federally  chartered savings banks.  After January 1, 1988, no national bank  chartered by the Comptroller of the Currency and having its main office  in Illinois or federal savings  and loan association or federal savings bank chartered by the  Federal Home Loan Bank Board and having its main office in Illinois  shall be required to obtain a  certificate of authority under this Act or in any manner submit  to the regulation or supervision pursuant to this Act, but such  national bank, federal savings and loan association or federal  savings bank shall only be required to obtain the authority to  accept and execute trusts from the particular federal agency  which granted its charter, to be exempt from the provisions of  this Act.  Nothing in this Section 1-3 shall exempt national banks, federal savings  and loan associations or federal savings banks whose main offices are  located outside of Illinois from compliance with the provisions of Article  IV of this Act.On January 1, 1988, any certificate of authority which has  been issued under the provisions of this Act to a national bank,  federally chartered savings and loan association or federally  chartered savings bank in Illinois shall expire and be of no  further force and effect and upon the request of the  Commissioner, shall be surrendered.After January 1, 1988, a State bank that has a  certificate  of authority under this Act and proposes to convert to a  national bank and a State chartered savings and loan association  and a State chartered savings bank that has a certificate of authority under  this Act and proposes to convert to a federally chartered savings  and  loan association or federally chartered savings bank, shall  notify the Commissioner of such fact and upon obtaining its  charter from the relevant federal regulator, shall surrender its  certificate of authority issued pursuant to this Act.    (Source: P.A. 91-97, eff. 7-9-99.)
205 ILCS 620/1-4
2021 Illinois Compiled Statutes|Chapter 205 - FINANCIAL REGULATION|205 ILCS 620/ - Corporate Fiduciary Act.|Article I - General Provisions

 (from Ch. 17, par. 1551-4)Sec. 1-4.     Effect on existing corporate fiduciaries.     With respect to any existing corporate fiduciary:(a) any existing certificate of authority shall continue in  full force and effect except as provided in Section 1-3 of this  Act;(b) all existing appointments in any fiduciary capacity and  any existing contracts by such corporate fiduciary shall continue  in full force and effect; and(c) no corporate fiduciary which holds a current and valid  certificate of authority under this Act shall be required to  submit an application to obtain a certificate of authority unless  the certificate of authority of such corporate fiduciary  subsequently shall have been relinquished or revoked and such  corporate fiduciary thereafter seeks to again obtain a  certificate of authority.    (Source: P.A. 85-858.)
205 ILCS 620/1-5
2021 Illinois Compiled Statutes|Chapter 205 - FINANCIAL REGULATION|205 ILCS 620/ - Corporate Fiduciary Act.|Article I - General Provisions

 (from Ch. 17, par. 1551-5)Sec. 1-5.     Definitions.     The words and phrases defined in  Sections following this Section and preceding Section 1-6 have the meanings  ascribed to them  in those Sections, except to the extent that any such word or  phrase is specifically qualified by its context.    (Source: P.A. 89-364, eff. 8-18-95.)
205 ILCS 620/1-5.01
2021 Illinois Compiled Statutes|Chapter 205 - FINANCIAL REGULATION|205 ILCS 620/ - Corporate Fiduciary Act.|Article I - General Provisions

 (from Ch. 17, par. 1551-5.01)Sec. 1-5.01.         "Bank" shall have the same meaning ascribed  to the term in Section 2 of the Illinois Banking Act.    (Source: P.A. 85-858.)
205 ILCS 620/1-5.02
2021 Illinois Compiled Statutes|Chapter 205 - FINANCIAL REGULATION|205 ILCS 620/ - Corporate Fiduciary Act.|Article I - General Provisions

 (from Ch. 17, par. 1551-5.02)Sec. 1-5.02.         "Capital" shall have the meaning ascribed to the term "capital"  or "paid-in capital" in the particular Act under which the corporate fiduciary  was organized and received its charter or certificate of incorporation.    (Source: P.A. 88-408.)
205 ILCS 620/1-5.03
2021 Illinois Compiled Statutes|Chapter 205 - FINANCIAL REGULATION|205 ILCS 620/ - Corporate Fiduciary Act.|Article I - General Provisions

 (from Ch. 17, par. 1551-5.03)Sec. 1-5.03.   "Commissioner" means the Secretary of Financial and Professional Regulation or a person authorized by the Secretary, the Division of Banking Act, or this Act to act in the Secretary's stead, and, beginning on January 1, 2011 (the effective date of Public Act 96-1163), all references in this Act to the Commissioner of Banks and Real Estate are deemed, in appropriate contexts, to be references to the Secretary of Financial and Professional Regulation.  (Source: P.A. 96-1163, eff. 1-1-11; 96-1365, eff. 7-28-10; 97-333, eff. 8-12-11.)
205 ILCS 620/1-5.04
2021 Illinois Compiled Statutes|Chapter 205 - FINANCIAL REGULATION|205 ILCS 620/ - Corporate Fiduciary Act.|Article I - General Provisions

Sec. 1-5.04. (Repealed).        (Source: P.A. 85-858. Repealed by P.A. 97-492, eff. 1-1-12.)
205 ILCS 620/1-5.05
2021 Illinois Compiled Statutes|Chapter 205 - FINANCIAL REGULATION|205 ILCS 620/ - Corporate Fiduciary Act.|Article I - General Provisions

 (from Ch. 17, par. 1551-5.05)Sec. 1-5.05.     Corporate fiduciary.     "Corporate fiduciary" means a trust  company; the trust department of a bank, savings bank,  savings and loan association, or foreign banking corporation issued a  certificate of authority pursuant to the Foreign Banking Office Act; or  any person that is required to and has received a  certificate of  authority  under this Act authorizing the exercise of trust powers.  The term "corporate fiduciary" also includes a national bank or federally  chartered savings and loan association or savings bank which is authorized  by the appropriate federal agency to accept and execute trusts and which  has its principal place of business in this State, whenever in this Act  such construction is necessary so that the national bank or federally  chartered savings and loan association or savings bank may enjoy and  exercise in this State all of the powers, rights and privileges authorized  or permitted to a corporate fiduciary holding a certificate of authority  under this Act.    (Source: P.A. 89-364, eff. 8-18-95; 89-567, eff. 7-26-96.)
205 ILCS 620/1-5.06
2021 Illinois Compiled Statutes|Chapter 205 - FINANCIAL REGULATION|205 ILCS 620/ - Corporate Fiduciary Act.|Article I - General Provisions

 (from Ch. 17, par. 1551-5.06)Sec. 1-5.06.         "Court" means a court of competent  jurisdiction.    (Source: P.A. 85-858.)
205 ILCS 620/1-5.07
2021 Illinois Compiled Statutes|Chapter 205 - FINANCIAL REGULATION|205 ILCS 620/ - Corporate Fiduciary Act.|Article I - General Provisions

 (from Ch. 17, par. 1551-5.07)Sec. 1-5.07.         "Depository institution" includes banks,  savings and loan associations, savings banks, and credit unions.    (Source: P.A. 91-97, eff. 7-9-99.)
205 ILCS 620/1-5.07a
2021 Illinois Compiled Statutes|Chapter 205 - FINANCIAL REGULATION|205 ILCS 620/ - Corporate Fiduciary Act.|Article I - General Provisions

Sec. 1-5.07a. Division of Banking. "Division of Banking" means the Division of Banking of the Department of Financial and Professional Regulation.  (Source: P.A. 96-1163, eff. 1-1-11.)
205 ILCS 620/1-5.07b
2021 Illinois Compiled Statutes|Chapter 205 - FINANCIAL REGULATION|205 ILCS 620/ - Corporate Fiduciary Act.|Article I - General Provisions

Sec. 1-5.07b. Division. "Division" means the Division of Banking within the Department of Financial and Professional Regulation.  (Source: P.A. 96-1365, eff. 7-28-10; 97-333, eff. 8-12-11.)
205 ILCS 620/1-5.075
2021 Illinois Compiled Statutes|Chapter 205 - FINANCIAL REGULATION|205 ILCS 620/ - Corporate Fiduciary Act.|Article I - General Provisions

(This Section was renumbered as Section 1-5.07b by P.A. 97-333.)Sec. 1-5.075. (Renumbered).   (Source: P.A. 96-1365, eff. 7-28-10. Renumbered by P.A.  97-333, eff. 8-12-11.)
205 ILCS 620/1-5.08
2021 Illinois Compiled Statutes|Chapter 205 - FINANCIAL REGULATION|205 ILCS 620/ - Corporate Fiduciary Act.|Article I - General Provisions

 (from Ch. 17, par. 1551-5.08)Sec. 1-5.08.     "Foreign corporation" means:(a) any bank, savings and loan association, savings bank, or other  corporation now or hereafter organized under the laws of any  state or territory of the United States of America, including the  District of Columbia, other than the State of Illinois;(b) any national banking association having its principal  place of business in any state or territory of the United States  of America, including the District of Columbia, other than the  State of Illinois; and(c) any federal savings and loan association or federal  savings bank having its principal place of business in any state  or territory of the United States of America, including the  District of Columbia, other than the State of Illinois.    (Source: P.A. 91-97, eff. 7-9-99.)
205 ILCS 620/1-5.09
2021 Illinois Compiled Statutes|Chapter 205 - FINANCIAL REGULATION|205 ILCS 620/ - Corporate Fiduciary Act.|Article I - General Provisions

 (from Ch. 17, par. 1551-5.09)Sec. 1-5.09.         "Person" means an individual, corporation,  partnership, joint venture, trust estate, limited liability company, or  unincorporated  association.    (Source: P.A. 90-424, eff. 1-1-98.)
205 ILCS 620/1-5.09a
2021 Illinois Compiled Statutes|Chapter 205 - FINANCIAL REGULATION|205 ILCS 620/ - Corporate Fiduciary Act.|Article I - General Provisions

Sec. 1-5.09a. Secretary. "Secretary" means the Secretary of Financial and Professional Regulation, or a person authorized by the Secretary or by this Act to act in the Secretary's stead.  (Source: P.A. 96-1163, eff. 1-1-11.)
205 ILCS 620/1-5.10
2021 Illinois Compiled Statutes|Chapter 205 - FINANCIAL REGULATION|205 ILCS 620/ - Corporate Fiduciary Act.|Article I - General Provisions

 (from Ch. 17, par. 1551-5.10)Sec. 1-5.10.         "Surplus" means the aggregate of (i) amounts paid in  excess of the par value of capital stock and preferred stock; (ii) amounts  contributed other than for capital stock and preferred stock and allocated  to the surplus account; and (iii) amounts transferred from undivided profits.    (Source: P.A. 86-754.)
205 ILCS 620/1-5.11
2021 Illinois Compiled Statutes|Chapter 205 - FINANCIAL REGULATION|205 ILCS 620/ - Corporate Fiduciary Act.|Article I - General Provisions

 (from Ch. 17, par. 1551-5.11)Sec. 1-5.11.     Trust company.     "Trust company" means a corporation  incorporated or a limited liability company organized in this State that  holds a certificate of authority issued  pursuant to this Act.    (Source: P.A. 89-364, eff. 8-18-95; 90-424, eff. 1-1-98.)
205 ILCS 620/1-5.12
2021 Illinois Compiled Statutes|Chapter 205 - FINANCIAL REGULATION|205 ILCS 620/ - Corporate Fiduciary Act.|Article I - General Provisions

Sec. 1-5.12.     Fiduciary.     "Fiduciary" means trustee, executor,  administrator, receiver, guardian, assignee for the benefit of creditors, or  any holder of a similar position of trust.    (Source: P.A. 89-364, eff. 8-18-95.)
205 ILCS 620/1-5.13
2021 Illinois Compiled Statutes|Chapter 205 - FINANCIAL REGULATION|205 ILCS 620/ - Corporate Fiduciary Act.|Article I - General Provisions

Sec. 1-5.13.     Trust business.     "Trust business" means the holding out by a  person to the public by advertising, solicitation, or other means that the  person is available to act as a fiduciary in this State, or the accepting or  undertaking to perform the duties of a fiduciary as a significant part of its  regular business.    (Source: P.A. 89-364, eff. 8-18-95.)
205 ILCS 620/1-5.14
2021 Illinois Compiled Statutes|Chapter 205 - FINANCIAL REGULATION|205 ILCS 620/ - Corporate Fiduciary Act.|Article I - General Provisions

Sec. 1-5.14.     Compliance period.     A person who becomes a fiduciary or who  becomes engaged in the trust business and thereby is required to obtain a  certificate of authority from the Commissioner either by the coming into force  of this amendatory Act of 1995 or by the loss of an exemption listed in or by  rule authorized under Section 2-4.5 of this Act shall have 180 days to either  liquidate  the fiduciary or trust business or to obtain a certificate from the  Commissioner.  During this 180-day period the person shall not be guilty of a  Class A misdemeanor.    (Source: P.A. 89-364, eff. 8-18-95.)
205 ILCS 620/1-6
2021 Illinois Compiled Statutes|Chapter 205 - FINANCIAL REGULATION|205 ILCS 620/ - Corporate Fiduciary Act.|Article I - General Provisions

 (from Ch. 17, par. 1551-6)Sec. 1-6. General corporate powers. A corporate  fiduciary shall have the powers:(a) if it is a State bank, those powers granted under     Sections 3 and 5 of the Illinois Banking Act; and(b) if it is a State savings and loan association,     those powers granted under Sections 1-6 through 1-8 of the Illinois Savings and Loan Act of 1985; and(c) if it is a State savings bank, those powers     granted under the Savings Bank Act; and(d) if it is a corporation organized under the     Business Corporation Act of 1983, as now or hereafter amended, or a limited liability company organized under the Limited Liability Company Act, those powers granted in Article 8 of the Illinois Trust Code, as now or hereafter amended, to the extent the exercise of such powers by the corporate fiduciary are not contrary to the instrument containing the appointment of the corporate fiduciary, the court order appointing the corporate fiduciary or any other statute specifically limiting the power of the corporate fiduciary under the circumstances; and(e) subject to Article XLIV of the Illinois Insurance     Code, to act as the agent for any fire, life, or other insurance company authorized by the State of Illinois, by soliciting and selling insurance and collecting premiums on policies issued by such company; and may receive for services so rendered such fees or commissions as may be agreed upon between the said corporate fiduciary and the insurance company for which it may act as agent; provided, however, that no such corporate fiduciary shall in any case assume or guarantee the payment of any premium on insurance policies issued through its agency by its principal; and provided further, that the corporate fiduciary shall not guarantee the truth of any statement made by an assured in filing his application for insurance.The Commissioner may specify powers of corporate fiduciaries generally  or of a particular corporate fiduciary and  by rule or order limit or restrict such powers of corporate  fiduciaries or a particular corporate fiduciary if he finds the exercise of  such power by corporate fiduciaries generally or of the corporate  fiduciary in particular may tend to be an unsafe or unsound practice, or if  such power is otherwise not in the interest of beneficiaries of  any fiduciary appointment.  (Source: P.A. 101-48, eff. 1-1-20.)
205 ILCS 620/1-6a
2021 Illinois Compiled Statutes|Chapter 205 - FINANCIAL REGULATION|205 ILCS 620/ - Corporate Fiduciary Act.|Article I - General Provisions

Sec. 1-6a.     Non-English language transactions.     A corporate fiduciary may  conduct  transactions in a language other than English through an employee or agent  acting as interpreter or through an interpreter provided by the customer.    (Source: P.A. 92-578, eff. 6-26-02.)
205 ILCS 620/1-7
2021 Illinois Compiled Statutes|Chapter 205 - FINANCIAL REGULATION|205 ILCS 620/ - Corporate Fiduciary Act.|Article I - General Provisions

 (from Ch. 17, par. 1551-7)Sec. 1-7. Office locations; corporate fiduciaries.(a) Any corporate fiduciary may establish branch offices at any  location. Any corporate fiduciary that seeks to establish a branch office  shall, if it is a trust company, apply for and obtain approval for the  branch office from the Secretary.(b) Any trust company that proposes to establish a subsidiary,  whether by incorporating the subsidiary or by acquiring the subsidiary,  shall apply for and obtain prior approval from the Secretary 60 days  prior to commencing business by the subsidiary, if newly incorporated, or  prior to its acquisition, if it is acquired, provided the Secretary may  specify circumstances and conditions when a trust company may directly or  indirectly acquire a subsidiary without prior approval.  (Source: P.A. 100-48, eff. 8-11-17.)
205 ILCS 620/1-8
2021 Illinois Compiled Statutes|Chapter 205 - FINANCIAL REGULATION|205 ILCS 620/ - Corporate Fiduciary Act.|Article I - General Provisions

 (from Ch. 17, par. 1551-8)Sec. 1-8.     Change of name or location.     A corporate fiduciary holding a  certificate of authority  issued pursuant to this Act must notify and receive written approval from  the Commissioner before changing its name or changing the location of its  corporate headquarters.  A corporate fiduciary which is a State bank  chartered by the Commissioner and which accomplishes a change of name in  compliance with Section 13 of the Illinois Banking Act or a  change of location in compliance with Section 13 of the Illinois  Banking  Act, as now or hereafter amended, shall be deemed to have complied with  this Section 1-8.    (Source: P.A. 92-483, eff. 8-23-01.)
205 ILCS 620/1-9
2021 Illinois Compiled Statutes|Chapter 205 - FINANCIAL REGULATION|205 ILCS 620/ - Corporate Fiduciary Act.|Article I - General Provisions

(205 ILCS 620/1-9)Sec. 1-9.     Name indicating fiduciary capacity; limitation.     No corporation  that is not a corporate fiduciary as defined in Section 1-5.05 of this Act or a  foreign corporation having received a certificate of authority under Section  4-5 of this Act shall be allowed to use the word "trust", "trustee", or  "fiduciary" in its corporate name unless the Commissioner has approved that use  after finding that the corporation will not be engaged in business as a  corporate fiduciary and that the use of the word "trust", "trustee", or  "fiduciary" by the corporation will not be misleading to the public.    (Source: P.A. 88-408.)