reglab/housing_qa huggingface dataset:
205 ILCS 205/9016
2021 Illinois Compiled Statutes|Chapter 205 - FINANCIAL REGULATION|205 ILCS 205/ - Savings Bank Act.|Article 9 - Supervision

 (from Ch. 17, par. 7309-16)Sec. 9016.     Cease and desist proceedings.(a) If, in the opinion of the Commissioner or in the opinion  of any federal banking agency that provides complete and  documented evidence to the Commissioner, an officer, director, or  controlling stockholder of a savings bank operating under this Act  or a subsidiary or an affiliate of an institution operating under  this Act, is engaging in, has engaged in, is about to engage in, or  is conspiring to engage in one or more unsafe or unsound practices  in conducting the institution's business; or is, has, or is about  to violate an applicable law, regulation, directive of the  Commissioner, of the Federal Deposit Insurance Corporation, or has  not complied with a condition imposed in writing by the  Commissioner, the Federal Deposit Insurance Corporation, or of  any court of law, then the Commissioner may, in his discretion,  issue to the violator notice of charges resulting from the  violation.(b) The notice of charges shall factually specify the act  or violations committed; the law, rule, order, decree, directive,  or condition violated; specify necessary curative measures and a  time within which to cure; and impose any penalties or sanctions  mandated by law or regulation.    (Source: P.A. 86-1213.)
205 ILCS 205/9017
2021 Illinois Compiled Statutes|Chapter 205 - FINANCIAL REGULATION|205 ILCS 205/ - Savings Bank Act.|Article 9 - Supervision

 (from Ch. 17, par. 7309-17)Sec. 9017. (Repealed).     (Source: P.A. 97-492, eff. 1-1-12. Repealed by P.A. 98-1081, eff. 1-1-15.)
205 ILCS 205/9018
2021 Illinois Compiled Statutes|Chapter 205 - FINANCIAL REGULATION|205 ILCS 205/ - Savings Bank Act.|Article 9 - Supervision

 (from Ch. 17, par. 7309-18)Sec. 9018. Administrative review. Except as provided in Article 10 and as otherwise specifically  provided by this Act, any person aggrieved by a decision of the Secretary   under this Act may receive a hearing before the Secretary under Sections 9018.1 through 9018.4 of this Act.   (Source: P.A. 97-492, eff. 1-1-12.)
205 ILCS 205/9018.1
2021 Illinois Compiled Statutes|Chapter 205 - FINANCIAL REGULATION|205 ILCS 205/ - Savings Bank Act.|Article 9 - Supervision

Sec. 9018.1. Hearing upon verified complaint. The Secretary shall, upon receiving the verified complaint in writing of any aggrieved person setting forth facts that, if proved, would constitute grounds for reversal or change of any decision, order, or action of the Secretary, except as provided in Section 9018 of this Act, grant a hearing on the complaint. If the aggrieved person desires such a hearing, he or she shall, within 10 days after receipt of notice of such decision, order, or action, file written notice with the Secretary of intent to demand a hearing and shall, within 30 days after receipt of notice of such decision, order, or action, file his or her verified complaint in writing. The date of the hearing may not be earlier than 15 days nor later than 30 days after the date of receipt of verified complaint in writing. The Secretary shall, at least 10 days prior to the date set for the hearing, notify in writing the person aggrieved by such decision, order, or action, referred to in this Section as the respondent, and all other parties to the action, that a hearing will be held on the date designated and shall afford the respondent and all other parties to the action an opportunity to be heard in person or by counsel in reference thereto. Written notice may be served by delivery of the same personally to the respondent and all other parties to the action or by mailing the notice by registered or certified mail to the place of business specified by the respondent and all other parties to the action in the last notification to the Secretary. At the time and place fixed in the notice, the Secretary or his or her authorized agent, referred to in this Section as the hearing officer, shall proceed to hear the charges and the respondent, all other parties to the action, and the complainant shall be accorded ample opportunity to present in person or by counsel such statements, testimony, evidence, and argument as may be pertinent to the issues. The hearing officer may continue such hearing from time to time.The hearing officer may subpoena any person in this State and may take testimony either orally, by deposition, or by exhibit, with the same fees and mileage and in the same manner as prescribed by law in judicial proceedings in civil cases in circuit courts of this State.The hearing officer may administer oaths to witnesses at any hearing that the hearing officer is authorized by law to conduct.After the hearing, the Secretary shall make a determination approving, modifying, or disapproving the decision, order, or action of the Secretary as his or her final administrative decision.  (Source: P.A. 97-492, eff. 1-1-12.)
205 ILCS 205/9018.2
2021 Illinois Compiled Statutes|Chapter 205 - FINANCIAL REGULATION|205 ILCS 205/ - Savings Bank Act.|Article 9 - Supervision

Sec. 9018.2. Record of proceedings; expenses.  The Secretary, at his or her expense, unless otherwise provided in this Act, shall provide a stenographer to take down the testimony and preserve a record of all proceedings at the hearing. The notice of hearing, complaint, and all other documents in the nature of pleadings and written motions filed in the proceedings, the transcript of testimony, the report of the hearing officer, and orders of the Secretary shall be the record of such proceedings. The Secretary shall furnish a transcript of the record to any person interested in such hearing upon payment of the actual cost thereof.A copy of the hearing officer's report and the Secretary's orders shall be served as notice of the hearing on the respondent and all other parties to the action by the Secretary, either personally or by registered or certified mail, as provided in this Act. All expenses incurred by the Secretary, including the compensation of the hearing officer, shall be paid by the parties to the hearing and shall be divided among them in equal shares.  (Source: P.A. 97-492, eff. 1-1-12.)
205 ILCS 205/9018.4
2021 Illinois Compiled Statutes|Chapter 205 - FINANCIAL REGULATION|205 ILCS 205/ - Savings Bank Act.|Article 9 - Supervision

Sec. 9018.4. Review under Administrative Review Law. Except as provided in Article 10, any person affected by a final administrative decision of the Secretary may have the decision reviewed only under and in accordance with the Administrative Review Law.The provisions of the Administrative Review Law, all amendments and modifications to the Administrative Review Law, and the rules adopted under the Administrative Review Law, shall apply to and govern all proceedings for the judicial review of final administrative decisions of the Secretary under this Act. For the purposes of this Section,  "administrative decision" is defined as in Section 3-101 of the Code of Civil Procedure.Appeals from all final orders and judgments entered by a court in review of any final administrative decision of the Board under this Act may be taken as in other civil cases.  (Source: P.A. 97-492, eff. 1-1-12.)
205 ILCS 205/9019
2021 Illinois Compiled Statutes|Chapter 205 - FINANCIAL REGULATION|205 ILCS 205/ - Savings Bank Act.|Article 9 - Supervision

(205 ILCS 205/9019)Sec. 9019.     Reliance on the Commissioner.(a) The Commissioner may issue an opinion in response to a specific  request from a member of the public or the banking or thrift industry or on his  own initiative. The opinion may be in the form of an interpretive letter,  no-objection letter, or other issuance the Commissioner deems appropriate.(b) If the Commissioner determines that the opinion is useful for the  general guidance of the public or savings banks, the Commissioner may  disseminate the opinion by newsletter, via an electronic medium such as the  internet, in a volume of statutes or related materials published by the  Commissioner or others, or by other means reasonably calculated to notify  persons affected by the opinion. A published opinion must be redacted to  preserve the confidentiality of the requesting party unless the requesting  party consents to be identified in the published opinion.(c) No savings bank or other person shall be liable under this Act for any  act done or omitted in good faith in conformity with any rule, interpretation,  or opinion issued by the Commissioner, notwithstanding that after the act or  omission has occurred, the rule, interpretation, or opinion upon which  reliance is placed is amended, rescinded, or determined by judicial or other  authority to be invalid for any reason.    (Source: P.A. 92-483, eff. 8-23-01.)
205 ILCS 205/Art. 10 heading
2021 Illinois Compiled Statutes|Chapter 205 - FINANCIAL REGULATION|205 ILCS 205/ - Savings Bank Act.|Article 10 - Involuntary Liquidation

 ARTICLE 10.  Involuntary Liquidation    (Source: P.A. 96-1365, eff. 7-28-10.)
205 ILCS 205/10001
2021 Illinois Compiled Statutes|Chapter 205 - FINANCIAL REGULATION|205 ILCS 205/ - Savings Bank Act.|Article 10 - Involuntary Liquidation

Sec. 10001. (Repealed).        (Source: P.A. 92-483, eff. 8-23-01. Repealed by P.A. 96-1365, eff. 7-28-10.)
205 ILCS 205/10002
2021 Illinois Compiled Statutes|Chapter 205 - FINANCIAL REGULATION|205 ILCS 205/ - Savings Bank Act.|Article 10 - Involuntary Liquidation

Sec. 10002. (Repealed).        (Source: P.A. 90-301, eff. 8-1-97. Repealed by P.A. 96-1365, eff. 7-28-10.)
205 ILCS 205/10003
2021 Illinois Compiled Statutes|Chapter 205 - FINANCIAL REGULATION|205 ILCS 205/ - Savings Bank Act.|Article 10 - Involuntary Liquidation

Sec. 10003. (Repealed).        (Source: P.A. 86-1213. Repealed by P.A. 96-1365, eff. 7-28-10.)
205 ILCS 205/10004
2021 Illinois Compiled Statutes|Chapter 205 - FINANCIAL REGULATION|205 ILCS 205/ - Savings Bank Act.|Article 10 - Involuntary Liquidation

Sec. 10004. (Repealed).        (Source: P.A. 90-301, eff. 8-1-97. Repealed by P.A. 96-1365, eff. 7-28-10.)
205 ILCS 205/10005
2021 Illinois Compiled Statutes|Chapter 205 - FINANCIAL REGULATION|205 ILCS 205/ - Savings Bank Act.|Article 10 - Involuntary Liquidation

Sec. 10005. (Repealed).        (Source: P.A. 86-1213. Repealed by P.A. 96-1365, eff. 7-28-10.)
205 ILCS 205/10006
2021 Illinois Compiled Statutes|Chapter 205 - FINANCIAL REGULATION|205 ILCS 205/ - Savings Bank Act.|Article 10 - Involuntary Liquidation

Sec. 10006. (Repealed).        (Source: P.A. 86-1213. Repealed by P.A. 96-1365, eff. 7-28-10.)
205 ILCS 205/10007
2021 Illinois Compiled Statutes|Chapter 205 - FINANCIAL REGULATION|205 ILCS 205/ - Savings Bank Act.|Article 10 - Involuntary Liquidation

Sec. 10007. (Repealed).        (Source: P.A. 86-1213. Repealed by P.A. 96-1365, eff. 7-28-10.)
205 ILCS 205/10008
2021 Illinois Compiled Statutes|Chapter 205 - FINANCIAL REGULATION|205 ILCS 205/ - Savings Bank Act.|Article 10 - Involuntary Liquidation

Sec. 10008. (Repealed).        (Source: P.A. 86-1213. Repealed by P.A. 96-1365, eff. 7-28-10.)
205 ILCS 205/10011
2021 Illinois Compiled Statutes|Chapter 205 - FINANCIAL REGULATION|205 ILCS 205/ - Savings Bank Act.|Article 10 - Involuntary Liquidation

Sec. 10011. Appointment of a receiver following taking of custody.  If, following the taking of custody of a savings bank, the Secretary determines that the appointment of a receiver is appropriate, then the provisions of this Article shall apply.  (Source: P.A. 96-1365, eff. 7-28-10.)
205 ILCS 205/10015
2021 Illinois Compiled Statutes|Chapter 205 - FINANCIAL REGULATION|205 ILCS 205/ - Savings Bank Act.|Article 10 - Involuntary Liquidation

Sec. 10015. Secretary's proceedings exclusive.  Except by the authority of the Secretary,  represented by the Attorney General, or the  Federal Deposit Insurance Corporation  pursuant to the Federal Deposit Insurance Act, no complaint shall be filed or proceedings commenced in any court for the dissolution of, the winding up of the affairs of, or the appointment of a receiver for any  savings bank on the grounds that:(1) it is insolvent;(2) its capital is impaired or it is otherwise in an     unsound condition;(3) its business is being conducted in an unlawful,     fraudulent or unsafe manner;(4) it is unable to continue operations; or(5) its examination has been obstructed or impaired.  (Source: P.A. 96-1365, eff. 7-28-10.)
205 ILCS 205/10020
2021 Illinois Compiled Statutes|Chapter 205 - FINANCIAL REGULATION|205 ILCS 205/ - Savings Bank Act.|Article 10 - Involuntary Liquidation

Sec. 10020. Capital impairment; correction.(a) If the Secretary, with respect to a savings bank, shall find:(1) its capital is impaired or it is otherwise in an     unsound condition;(2) its business is being conducted in an unlawful     manner, including, without limitation, in violation of any provisions of this Act, or in a fraudulent or unsafe manner;(3) it is unable to continue operations; or(4) its examination has been obstructed or impeded;then the Secretary may give notice to the board of directors of his or her finding or findings. If the situation so found by the Secretary shall not be corrected to his or her satisfaction within a period of at least 60 but no more than 180 days after receipt of the notice, which period shall be determined by the Secretary and set forth in the notice, then the Secretary, at the termination of that period, may take possession and control of the  savings bank and its assets as provided for in this Act for the purpose of examination, reorganization, or liquidation through receivership.(b) If the Secretary has given notice to the board of directors of his or her findings, as provided in subsection (a), and the time period prescribed in that notice has expired, the Secretary may extend the time period prescribed in that notice for such period as the Secretary deems appropriate.  (Source: P.A. 96-1365, eff. 7-28-10.)
205 ILCS 205/10025
2021 Illinois Compiled Statutes|Chapter 205 - FINANCIAL REGULATION|205 ILCS 205/ - Savings Bank Act.|Article 10 - Involuntary Liquidation

Sec. 10025. Capital impairment; emergency. If, in addition to a finding as provided in Section 10020 of this Act, the Secretary is of the opinion and finds that an emergency exists that may result in serious losses to the depositors or the inability of the savings bank to continue in operations, meet the demands of its depositors, or pay its obligations in the normal course of business, he or she may, in his or her discretion, without having given the notice provided for in Section 10020, and whether or not proceedings under Section 10020 have been instituted or are then pending, take possession and control of the  savings bank and its assets for the purpose of examination, reorganization, or liquidation through receivership.  (Source: P.A. 96-1365, eff. 7-28-10.)
205 ILCS 205/10035
2021 Illinois Compiled Statutes|Chapter 205 - FINANCIAL REGULATION|205 ILCS 205/ - Savings Bank Act.|Article 10 - Involuntary Liquidation

Sec. 10035. Secretary's possession; limitation of actions. Except when the Federal Deposit Insurance Corporation has taken possession of the  savings bank or is acting as receiver, if the Secretary has taken possession and control of a savings bank and its assets, there shall be a postponement until 6 months after the commencement of the possession of the date upon which any period of limitation fixed by a statute or agreement would otherwise expire on a claim or right of action of the savings bank, or upon which an appeal must be taken or a pleading or other document must be filed by the savings bank in any pending action or proceeding. No judgment, lien, levy, attachment, or other similar legal process shall be enforced upon or satisfied in whole or in part from any asset of the savings bank while it is in the possession of the Secretary, except upon the order of the court referred to in Section 10030 entered in due course pursuant to Section 10090 of this Act. The provisions of this Section shall continue to apply and shall govern notwithstanding the appointment of and the possession by a receiver pursuant to Section 10055 of this Act.  (Source: P.A. 96-1365, eff. 7-28-10.)
205 ILCS 205/10040
2021 Illinois Compiled Statutes|Chapter 205 - FINANCIAL REGULATION|205 ILCS 205/ - Savings Bank Act.|Article 10 - Involuntary Liquidation

Sec. 10040. Reorganization. The Secretary, while in possession and control of a savings bank and its assets, after according a hearing to interested parties as he or she may determine and upon the order of the court, may propose a reorganization plan. The reorganization plan shall become effective only (1) when the requirements of Section 10045 are satisfied, and (2) when, after reasonable notice of such reorganization, as the case may require (A) depositors and other creditors of such savings bank representing at least 75% in amount of its total deposits and other liabilities as shown by the books of the  savings bank, (B) stockholders owning at least two-thirds of its outstanding capital stock as shown by the books of the savings bank, or (C) both depositors and other creditors representing at least 75% in amount of the total deposits and other liabilities and stockholders owning at least two-thirds of its outstanding capital stock as shown by the books of the savings bank, shall have consented in writing to the plan of reorganization; provided, however, that claims of depositors or other creditors that will be satisfied in full on demand under the provisions of the plan of reorganization shall not be included among the total deposits and other liabilities of the savings bank in determining the 75% required under this Section. When such reorganization becomes effective, all books, records, and assets of the savings bank shall be disposed of in accordance with the provisions of the plan and the affairs of the savings bank shall be conducted by its board of directors in the manner provided by the plan and under the conditions, restrictions, and limitations prescribed by the Secretary. In any reorganization approved and effective as provided in this Section, all depositors and other creditors and stockholders of the savings bank, whether or not they shall have consented to the plan of reorganization, shall be fully and in all respects subject to and bound by its provisions, and claims of all depositors and other creditors shall be treated as if they have consented to the plan of reorganization. A department, agency, or political subdivision of this State holding a claim that will not be paid in full is authorized to participate in a plan of reorganization as any other creditor and shall be subject to and bound by its provisions as any other creditor.  (Source: P.A. 96-1365, eff. 7-28-10.)
205 ILCS 205/10045
2021 Illinois Compiled Statutes|Chapter 205 - FINANCIAL REGULATION|205 ILCS 205/ - Savings Bank Act.|Article 10 - Involuntary Liquidation

Sec. 10045. Requirements of reorganization plan. A plan of reorganization for a savings bank shall not be proposed under this Act unless all of the following are met:(1) the plan is feasible and fair to all classes of     depositors, creditors and stockholders;(2) the face amount of the interest accorded to any     class of depositors, creditors and stockholders under the plan does not exceed the value of the assets upon liquidation less the full amount of the claims of all prior classes, subject, however, to any fair adjustment for new capital that any class will pay in under the plan;(3) the plan assures the removal of any director,     officer, or employee responsible for any unsound or unlawful action or the existence of an unsound condition;(4) any merger or consolidation provided by the plan     conforms to the requirements of this Act; and(5) any reorganized savings bank provided by the plan     conforms to the requirements of this Act for the organization of a savings bank. (Source: P.A. 96-1365, eff. 7-28-10.)
205 ILCS 205/10050
2021 Illinois Compiled Statutes|Chapter 205 - FINANCIAL REGULATION|205 ILCS 205/ - Savings Bank Act.|Article 10 - Involuntary Liquidation

Sec. 10050. Reorganization; emergency. Whenever, in the course of reorganization, supervening conditions render the plan of reorganization unfair or its execution impractical, the Secretary may modify the plan, provided the modification is with the written consent of the depositors and other creditors representing at least 75% in amount of the total deposits and other liabilities which are impaired or lessened by the modification, or may, provided the Federal Deposit Insurance has not been appointed, appoint a receiver for liquidation as provided in this Act.  (Source: P.A. 96-1365, eff. 7-28-10.)
205 ILCS 205/10060
2021 Illinois Compiled Statutes|Chapter 205 - FINANCIAL REGULATION|205 ILCS 205/ - Savings Bank Act.|Article 10 - Involuntary Liquidation

Sec. 10060. Notice of receivership. Upon appointing a receiver, other than the Federal Deposit Insurance Corporation, and upon the filing of a complaint for the dissolution or winding up of the affairs of a savings bank, the Secretary shall cause notice to be given in such newspaper as he or she directs once each week for twelve consecutive weeks calling on all persons who may have claims against such savings bank to present the same to the receiver and to make legal proof thereof and notifying all such persons and all to whom it may concern of the filing of a complaint for the dissolution or winding up of the affairs of the savings bank and stating the name and location of said court. All persons who may have claims against such savings bank and the receiver to whom the persons have presented their claims may present them to the clerk of the court, and the allowance or disallowance of the claims by the court in connection with such proceedings shall be deemed an adjudication in a court of competent jurisdiction.  (Source: P.A. 96-1365, eff. 7-28-10.)
205 ILCS 205/10075
2021 Illinois Compiled Statutes|Chapter 205 - FINANCIAL REGULATION|205 ILCS 205/ - Savings Bank Act.|Article 10 - Involuntary Liquidation

Sec. 10075. Change of receiver. At any time after a receiver, other than the Federal Deposit Insurance Corporation, is appointed by the Secretary, whenever two-thirds of the creditors of a savings bank petition the Secretary for the appointment of any person nominated by them as receiver, who is a reputable person and a resident of the county in which such savings bank is located, it shall be the duty of the Secretary to make such appointment and all rights and duties of his or her predecessor shall at once devolve upon such appointee. The Secretary may remove any receiver appointed by him or her, except the Federal Deposit Insurance Corporation or such receiver as shall have been appointed through nomination by the creditors. Such a receiver may be removed by the court upon a petition for his or her removal filed by the Secretary after hearing had upon such notice as the court may prescribe. Upon the death, inability to act, resignation, or removal of a receiver the Secretary may appoint his or her successor and, upon the appointment, all rights and duties of his or her predecessor shall at once devolve upon such appointee.  (Source: P.A. 96-1365, eff. 7-28-10.)
205 ILCS 205/10080
2021 Illinois Compiled Statutes|Chapter 205 - FINANCIAL REGULATION|205 ILCS 205/ - Savings Bank Act.|Article 10 - Involuntary Liquidation

Sec. 10080. Insured deposits; subrogation. The right of an agency of the United States insuring deposits to be subrogated to the rights of depositors upon payment of their claim shall not be less extensive than the law of the United States requires as a condition of the authority to issue such insurance or make such payment.  (Source: P.A. 96-1365, eff. 7-28-10.)