reglab/housing_qa huggingface dataset:
205 ILCS 205/1007.05
2021 Illinois Compiled Statutes|Chapter 205 - FINANCIAL REGULATION|205 ILCS 205/ - Savings Bank Act.|Article 1 - General Provisions

 (from Ch. 17, par. 7301-7.05)Sec. 1007.05.         "Affiliate" means any company that controls, is  controlled by, or is under common control with a savings bank  operating under this Act.The term "affiliated person of a savings bank or  insured institution" means the following:(1) a director, officer, or controlling person of a     savings bank or insured institution;(2) a spouse of a director, officer, or controlling     person of a savings bank or institution;(3) member of the immediate family of a director,     officer, or controlling person of a savings bank or insured institution, who has the same home as that person, or who is a director or officer of any subsidiary of the savings bank or insured institution or of any holding company affiliate of the savings bank or insured institution;(4) any corporation or organization (other than the     savings bank or insured institution or a corporation or organization through which the savings bank or insured institution operates) of which a director, officer or controlling person of the savings bank or insured institution:(A) is chief executive officer, chief financial         officer, or a person performing similar functions;(B) is a general partner;(C) is a limited partner who directly or         indirectly either alone or with his spouse and the members of his immediate family who are also affiliated persons of the institution, owns an interest of 10% or more in the partnership (based on the value of his contribution) or who, directly or indirectly with other directors, officers, and controlling persons of the institution and their spouses and their immediate family members who are also affiliated persons of the institution, owns an interest of 25% or more in the partnership; or(D) directly or indirectly either alone or with         his spouse and the members of his immediate family who are also affiliated persons of the institution, owns or controls 10% or more of any class of equity securities or owns or controls, with other directors, officers, and controlling persons of the savings bank or insured institution and their spouses and their immediate family members who are also affiliated persons of the savings bank or insured institution, 25% or more of any class of equity securities.   (Source: P.A. 86-1213.)
205 ILCS 205/1007.10
2021 Illinois Compiled Statutes|Chapter 205 - FINANCIAL REGULATION|205 ILCS 205/ - Savings Bank Act.|Article 1 - General Provisions

 (from Ch. 17, par. 7301-7.10)Sec. 1007.10.         "Appraisal" means a professionally derived written  conclusion of the value of the present worth of specified  interests or rights in a specific piece of real property,  which conclusion is supported by stipulated market conditions  and explicitly stated assumptions as of a particular point in  time and made for a specified party.    (Source: P.A. 86-1213.)
205 ILCS 205/1007.15
2021 Illinois Compiled Statutes|Chapter 205 - FINANCIAL REGULATION|205 ILCS 205/ - Savings Bank Act.|Article 1 - General Provisions

 (from Ch. 17, par. 7301-7.15)Sec. 1007.15.         "Bank" means a commercial bank chartered by the Comptroller of  the Currency or by the Illinois Commissioner of Banks and Real Estate under  the Illinois Banking Act.    (Source: P.A. 89-508, eff. 7-3-96.)
205 ILCS 205/1007.20
2021 Illinois Compiled Statutes|Chapter 205 - FINANCIAL REGULATION|205 ILCS 205/ - Savings Bank Act.|Article 1 - General Provisions

 (from Ch. 17, par. 7301-7.20)Sec. 1007.20.         "Branch" or "branch office" includes any location  established by a savings bank where deposits are received, loans are made,  or checks are paid, but shall  not include any place where only records thereof are made, posted, or kept.   A place where the savings bank's business is conducted only through an  automatic teller machine or an affiliate facility shall not be deemed a  branch.    (Source: P.A. 90-301, eff. 8-1-97.)
205 ILCS 205/1007.25
2021 Illinois Compiled Statutes|Chapter 205 - FINANCIAL REGULATION|205 ILCS 205/ - Savings Bank Act.|Article 1 - General Provisions

 (from Ch. 17, par. 7301-7.25)Sec. 1007.25.         "Capital" includes net worth, paid-in-surplus,  capital stock  equity, undivided profits, and earnings, as  further defined in Section 5002.    (Source: P.A. 86-1213.)
205 ILCS 205/1007.30
2021 Illinois Compiled Statutes|Chapter 205 - FINANCIAL REGULATION|205 ILCS 205/ - Savings Bank Act.|Article 1 - General Provisions

 (from Ch. 17, par. 7301-7.30)Sec. 1007.30.   "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.  (Source: P.A. 96-1365, eff. 7-28-10.)
205 ILCS 205/1007.35
2021 Illinois Compiled Statutes|Chapter 205 - FINANCIAL REGULATION|205 ILCS 205/ - Savings Bank Act.|Article 1 - General Provisions

 (from Ch. 17, par. 7301-7.35)Sec. 1007.35.   "Control", unless specified otherwise in this Act,  shall mean:(1) the ability of any person, entity, persons, or     entities acting alone or in concert with one or more persons or entities, to own, hold, or direct with power to vote, or to hold proxies representing, 10% or more of the voting shares or rights of capital stock of a savings bank, savings bank subsidiary, savings bank affiliate, or savings bank holding company or 10% or more of the members shares of a mutual savings bank or mutual savings bank holding company;(2) the ability to achieve in any manner the election     or appointment of a majority of the directors of a savings bank; or(3) the power to direct or exercise significant     influence over the management or policies of the savings bank or savings bank affiliate."Control" does not include the voting of proxies obtained from  depositors if the proxies are voted as directed by a majority of the board  of directors of the savings bank or of a committee of directors when the  committee's composition and powers may be revoked by a majority vote of the  board of directors.  (Source: P.A. 96-585, eff. 8-18-09.)
205 ILCS 205/1007.40
2021 Illinois Compiled Statutes|Chapter 205 - FINANCIAL REGULATION|205 ILCS 205/ - Savings Bank Act.|Article 1 - General Provisions

 (from Ch. 17, par. 7301-7.40)Sec. 1007.40.         "Default" and "in danger of default" shall have the  respective meanings ascribed to these terms in the Illinois Banking Act.    (Source: P.A. 86-1213.)
205 ILCS 205/1007.45
2021 Illinois Compiled Statutes|Chapter 205 - FINANCIAL REGULATION|205 ILCS 205/ - Savings Bank Act.|Article 1 - General Provisions

 (from Ch. 17, par. 7301-7.45)Sec. 1007.45.         "Deposit insurance corporation" means the Federal Deposit  Insurance Corporation or other instrumentality of or corporation chartered  by the United States that is supported by the "Full faith and credit of the  United States government" as stated in a congressional resolution.    (Source: P.A. 86-1213.)
205 ILCS 205/1007.50
2021 Illinois Compiled Statutes|Chapter 205 - FINANCIAL REGULATION|205 ILCS 205/ - Savings Bank Act.|Article 1 - General Provisions

 (from Ch. 17, par. 7301-7.50)Sec. 1007.50.   "Depository institution", as used in this Act, shall mean an insured depository institution as defined by Section 3(c)(2) of the Federal Deposit Insurance Act (12 U.S.C. 1813), as amended, or an insured credit union as defined by Section 101(7) of the Federal Credit Union Act (12 U.S.C. 1752(7)), as amended.  (Source: P.A. 97-492, eff. 1-1-12.)
205 ILCS 205/1007.55
2021 Illinois Compiled Statutes|Chapter 205 - FINANCIAL REGULATION|205 ILCS 205/ - Savings Bank Act.|Article 1 - General Provisions

 (from Ch. 17, par. 7301-7.55)Sec. 1007.55.         "Director" means any director, trustee, or other  person performing similar functions with respect to any  organization whether incorporated or unincorporated.  In the case of a manager-managed limited liability company, however,  "director" means  a manager of the savings bank, and in the case of a member-managed limited  liability company, "director" means a member of the savings bank.  The  term "director" does not include an advisory director, honorary director,  director emeritus, or similar person, unless the person is  otherwise performing functions similar to those of a director.    (Source: P.A. 93-561, eff. 1-1-04.)
205 ILCS 205/1007.57
2021 Illinois Compiled Statutes|Chapter 205 - FINANCIAL REGULATION|205 ILCS 205/ - Savings Bank Act.|Article 1 - General Provisions

Sec. 1007.57. Division. "Division" means the Division of Banking within the Department of Financial and Professional Regulation.  (Source: P.A. 96-1365, eff. 7-28-10.)
205 ILCS 205/1007.60
2021 Illinois Compiled Statutes|Chapter 205 - FINANCIAL REGULATION|205 ILCS 205/ - Savings Bank Act.|Article 1 - General Provisions

 (from Ch. 17, par. 7301-7.60)Sec. 1007.60.         "Eligible insured bank" means an insured bank, having its  main banking premises in Illinois, that is in default or in danger of  default as those terms are defined in this Act.    (Source: P.A. 86-1213.)
205 ILCS 205/1007.65
2021 Illinois Compiled Statutes|Chapter 205 - FINANCIAL REGULATION|205 ILCS 205/ - Savings Bank Act.|Article 1 - General Provisions

 (from Ch. 17, par. 7301-7.65)Sec. 1007.65.         "Fiduciary" means a trustee, executor, administrator,  guardian, agent, receiver, trustee in bankruptcy, assignee for creditors,  or any holder of a similar position of trust.  It also describes the  relationship of a director to a savings bank as stipulated in Section 4010  of this Act.    (Source: P.A. 86-1213.)
205 ILCS 205/1007.70
2021 Illinois Compiled Statutes|Chapter 205 - FINANCIAL REGULATION|205 ILCS 205/ - Savings Bank Act.|Article 1 - General Provisions

 (from Ch. 17, par. 7301-7.70)Sec. 1007.70.     (Repealed).        (Source: P.A. 86-1213. Repealed by P.A. 98-1081, eff. 1-1-15.)
205 ILCS 205/1007.75
2021 Illinois Compiled Statutes|Chapter 205 - FINANCIAL REGULATION|205 ILCS 205/ - Savings Bank Act.|Article 1 - General Provisions

 (from Ch. 17, par. 7301-7.75)Sec. 1007.75.         "Insured savings bank" means a savings bank the  accounts of which are insured wholly or in part  by a deposit insurance corporation.    (Source: P.A. 86-1213.)
205 ILCS 205/1007.80
2021 Illinois Compiled Statutes|Chapter 205 - FINANCIAL REGULATION|205 ILCS 205/ - Savings Bank Act.|Article 1 - General Provisions

 (from Ch. 17, par. 7301-7.80)Sec. 1007.80.         "Investment" means loans, both residential and commercial,  as well as purchases of corporate debentures, securities, bonds, joint  venture shares, and purchases of mutual fund shares subject to regulation  of the Commissioner.    (Source: P.A. 86-1213.)
205 ILCS 205/1007.85
2021 Illinois Compiled Statutes|Chapter 205 - FINANCIAL REGULATION|205 ILCS 205/ - Savings Bank Act.|Article 1 - General Provisions

 (from Ch. 17, par. 7301-7.85)Sec. 1007.85.         "Marketable investment securities" means investment grade  marketable obligations evidencing indebtedness of any person in the form of  bonds, notes, or debentures, commonly known as investment securities, of a  type customarily sold on recognized exchanges or traded over the counter,  but does not include stocks.    (Source: P.A. 86-1213.)
205 ILCS 205/1007.90
2021 Illinois Compiled Statutes|Chapter 205 - FINANCIAL REGULATION|205 ILCS 205/ - Savings Bank Act.|Article 1 - General Provisions

 (from Ch. 17, par. 7301-7.90)Sec. 1007.90.         "Person" means an individual, corporation, limited liability  company, partnership,  joint venture, trust, estate, or unincorporated association.    (Source: P.A. 91-929, eff. 12-15-00.)
205 ILCS 205/1007.95
2021 Illinois Compiled Statutes|Chapter 205 - FINANCIAL REGULATION|205 ILCS 205/ - Savings Bank Act.|Article 1 - General Provisions

 (from Ch. 17, par. 7301-7.95)Sec. 1007.95.         "Prudent person rule"  means that in all activities  connected with savings banks operating under this Act, all officers,  directors, employees, and agents of any kind of a savings bank must  exercise the judgment and care under circumstances then prevailing  that persons of prudence, discretion, and intelligence exercise in  the management of their own affairs, not in regard to speculation,  but in regard to the permanent disposition of their funds,  considering the probable income as well as the probable safety of  their capital.    (Source: P.A. 86-1213.)
205 ILCS 205/1007.100
2021 Illinois Compiled Statutes|Chapter 205 - FINANCIAL REGULATION|205 ILCS 205/ - Savings Bank Act.|Article 1 - General Provisions

 (from Ch. 17, par. 7301-7.100)Sec. 1007.100.         "Published" means the publishing of the notice referred  to, in a newspaper of general circulation in the community in which the  subject savings bank is located.  Publishing shall be at the expense of the  savings bank if it is required to publish.  Where publishing is required,  the savings bank shall submit to the Commissioner evidence of the  publication as the Commissioner shall deem appropriate.    (Source: P.A. 86-1213.)
205 ILCS 205/1007.105
2021 Illinois Compiled Statutes|Chapter 205 - FINANCIAL REGULATION|205 ILCS 205/ - Savings Bank Act.|Article 1 - General Provisions

 (from Ch. 17, par. 7301-7.105)Sec. 1007.105.         "Service corporation" means any corporation or limited  liability company that  is 51% or more owned by one or more savings banks, or by savings banks and  other depository institutions, whose purposes are reasonably incident to  the accomplishment of the powers conferred upon  savings banks by this Act.    (Source: P.A. 91-97, eff. 7-9-99; 91-929, eff. 12-15-00.)
205 ILCS 205/1007.110
2021 Illinois Compiled Statutes|Chapter 205 - FINANCIAL REGULATION|205 ILCS 205/ - Savings Bank Act.|Article 1 - General Provisions

 (from Ch. 17, par. 7301-7.110)Sec. 1007.110.         "Value" means the present worth of all rights to  future benefits arising from ownership.    (Source: P.A. 86-1213.)
205 ILCS 205/1007.115
2021 Illinois Compiled Statutes|Chapter 205 - FINANCIAL REGULATION|205 ILCS 205/ - Savings Bank Act.|Article 1 - General Provisions

Sec. 1007.115.     Federal association.     "Federal association" means a savings  and loan association or savings bank incorporated under the federal Home Owners  Loan Act of 1993, as now or hereafter amended, whose principal business office  is located within this State.    (Source: P.A. 90-270, eff. 7-30-97; 90-655, eff. 7-30-98.)
205 ILCS 205/1007.120
2021 Illinois Compiled Statutes|Chapter 205 - FINANCIAL REGULATION|205 ILCS 205/ - Savings Bank Act.|Article 1 - General Provisions

Sec. 1007.120.     Affiliate facility.     "Affiliate facility"  of a savings bank means a depository institution main office or branch office  of an affiliate depository institution.  The depository institution main office  or branch office may be an affiliate facility with respect to one or more  affiliated savings banks.    (Source: P.A. 90-301, eff. 8-1-97; 90-655, eff.  7-30-98.)
205 ILCS 205/1007.125
2021 Illinois Compiled Statutes|Chapter 205 - FINANCIAL REGULATION|205 ILCS 205/ - Savings Bank Act.|Article 1 - General Provisions

Sec. 1007.125.         "Bylaws" means the bylaws of a savings bank that are  adopted  by the savings  bank's board of directors or shareholders for the regulation and management of  the savings bank's affairs. If the savings bank operates as a limited liability  company, however, "bylaws" means the operating agreement of the savings bank.    (Source: P.A. 86-1213.)
205 ILCS 205/1007.130
2021 Illinois Compiled Statutes|Chapter 205 - FINANCIAL REGULATION|205 ILCS 205/ - Savings Bank Act.|Article 1 - General Provisions

Sec. 1007.130. Out-of-state savings bank. "Out-of-state savings bank" means a savings bank or an association chartered under the laws of a state other than Illinois, a territory of the United States, or the District of Columbia.  (Source: P.A. 98-1081, eff. 1-1-15.)
205 ILCS 205/1007.135
2021 Illinois Compiled Statutes|Chapter 205 - FINANCIAL REGULATION|205 ILCS 205/ - Savings Bank Act.|Article 1 - General Provisions

Sec. 1007.135. Secretary of the Department of Financial and Professional Regulation. "Secretary" means the Secretary of the Department 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. 95-1047, eff. 4-6-09.)
205 ILCS 205/1007.150
2021 Illinois Compiled Statutes|Chapter 205 - FINANCIAL REGULATION|205 ILCS 205/ - Savings Bank Act.|Article 1 - General Provisions

Sec. 1007.150. Applicability of other Acts. Whenever 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 205/1008.05
2021 Illinois Compiled Statutes|Chapter 205 - FINANCIAL REGULATION|205 ILCS 205/ - Savings Bank Act.|Article 1 - General Provisions

Sec. 1008.05.     Non-English language transactions.     A savings bank 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 205/1009
2021 Illinois Compiled Statutes|Chapter 205 - FINANCIAL REGULATION|205 ILCS 205/ - Savings Bank Act.|Article 1 - General Provisions

 (from Ch. 17, par. 7301-9)Sec. 1009.     Status as IRS qualified thrift lender.     All savings banks  operating under this Act must qualify for either the 60% asset  test of Section 7701 (a)(19) of the Internal Revenue Code of 1986 and any  amendments thereto or an asset test as prescribed by regulations of the  Commissioner.    (Source: P.A. 90-301, eff. 8-1-97.)
205 ILCS 205/1010
2021 Illinois Compiled Statutes|Chapter 205 - FINANCIAL REGULATION|205 ILCS 205/ - Savings Bank Act.|Article 1 - General Provisions

(205 ILCS 205/1010)Sec. 1010.     (Repealed).         (Source: P.A. 92-577, eff. 6-26-02. Repealed by P.A. 99-331, eff. 1-1-16.)
205 ILCS 205/Art. 2 heading
2021 Illinois Compiled Statutes|Chapter 205 - FINANCIAL REGULATION|205 ILCS 205/ - Savings Bank Act.|Article 2 - Holding Companies

 ARTICLE 2.      Holding Companies
205 ILCS 205/2001
2021 Illinois Compiled Statutes|Chapter 205 - FINANCIAL REGULATION|205 ILCS 205/ - Savings Bank Act.|Article 2 - Holding Companies

 (from Ch. 17, par. 7302-1)Sec. 2001.         Unless the context otherwise requires, as used in this  Article, the terms defined in the Sections following this Section and  preceding Section 2002 shall have the meanings therein given.    (Source: P.A. 86-1213.)
205 ILCS 205/2001.05
2021 Illinois Compiled Statutes|Chapter 205 - FINANCIAL REGULATION|205 ILCS 205/ - Savings Bank Act.|Article 2 - Holding Companies

 (from Ch. 17, par. 7302-1.05)Sec. 2001.05.         "Savings bank holding company" means any company  that directly or indirectly or acting in concert with one or more  other persons or through one or more subsidiaries, owns, controls,  or holds with power to vote, or holds proxies representing more  than 25% of the voting shares or rights of any savings bank or  savings bank holding company or controls in any manner whether by  holding of proxies or otherwise, the election of a majority of the  directors of any savings bank or savings bank holding company.  Notwithstanding the foregoing, no company shall be deemed to have  control of or over a savings bank or holding company by virtue of  the following:(1) its ownership or control of shares in a fiduciary     capacity arising in the ordinary course of its business;(2) its ownership or control of shares acquired by it     in connection with its underwriting of securities that are held only for that period of time as will permit the sale thereof upon a reasonable basis;(3) its holding any shares as collateral taken in the     ordinary course of securing a debt or other obligation;(4) its ownership or control of shares acquired in     the ordinary course of collecting a debt or other obligation previously contracted in good faith, until 5 years after the date acquired;(5) its voting rights with respect to shares of any     savings bank or holding company acquired in the course of a proxy solicitation in the case of a company formed and operated for the sole purpose of participating in a proxy solicitation.   (Source: P.A. 86-1213.)
205 ILCS 205/2001.10
2021 Illinois Compiled Statutes|Chapter 205 - FINANCIAL REGULATION|205 ILCS 205/ - Savings Bank Act.|Article 2 - Holding Companies

 (from Ch. 17, par. 7302-1.10)Sec. 2001.10.         An "Illinois savings bank holding company" means a  savings bank holding company whose principal place of business is  in Illinois and that is not controlled, directly or indirectly,  by another savings bank holding company whose principal place of  business is outside Illinois.    (Source: P.A. 86-1213.)
205 ILCS 205/2001.15
2021 Illinois Compiled Statutes|Chapter 205 - FINANCIAL REGULATION|205 ILCS 205/ - Savings Bank Act.|Article 2 - Holding Companies

 (from Ch. 17, par. 7302-1.15)Sec. 2001.15.         An "out-of-state savings bank holding company" means a  savings bank holding company whose principal place of business is  in a state other than Illinois and that is not controlled,  directly or indirectly, by another savings bank holding company  whose principal place of business is outside of the Geographic Area.    (Source: P.A. 86-1213.)
205 ILCS 205/2001.20
2021 Illinois Compiled Statutes|Chapter 205 - FINANCIAL REGULATION|205 ILCS 205/ - Savings Bank Act.|Article 2 - Holding Companies

 (from Ch. 17, par. 7302-1.20)Sec. 2001.20.         "Geographic Area"  means those states in which a savings  bank holding company is permitted to acquire an Illinois savings bank or an  Illinois savings bank holding company.    (Source: P.A. 86-1213.)
205 ILCS 205/2001.25
2021 Illinois Compiled Statutes|Chapter 205 - FINANCIAL REGULATION|205 ILCS 205/ - Savings Bank Act.|Article 2 - Holding Companies

 (from Ch. 17, par. 7302-1.25)Sec. 2001.25.         "Principal place of business" of a savings bank holding  company means the state in which the total deposits of all offices  of all subsidiaries are the largest as shown by the most recent  reports of condition filed with state or federal regulatory authorities.    (Source: P.A. 86-1213.)
205 ILCS 205/2001.30
2021 Illinois Compiled Statutes|Chapter 205 - FINANCIAL REGULATION|205 ILCS 205/ - Savings Bank Act.|Article 2 - Holding Companies

 (from Ch. 17, par. 7302-1.30)Sec. 2001.30.         "Subsidiary of an individual or company" is any  company that is controlled by a person or by a company that  is a subsidiary of a person by virtue of this Article.    (Source: P.A. 86-1213.)
205 ILCS 205/2001.35
2021 Illinois Compiled Statutes|Chapter 205 - FINANCIAL REGULATION|205 ILCS 205/ - Savings Bank Act.|Article 2 - Holding Companies

 (from Ch. 17, par. 7302-1.35)Sec. 2001.35.         (a) "Control" shall mean  either ownership of stock, or the power to vote and dispose of stock in a  manner that directly or indirectly causes changes in savings bank  management, ownership, structure, or policies.  Any change in ownership of  stock, or of rights related to stock, that would result in direct or  indirect ownership of 20%, or of a lesser amount that would entitle the  holder to elect one director shall be presumed to be a change of control.  Any change in ownership must be approved by the Commissioner.(b) Notwithstanding the provisions of this Section, the Commissioner may  define "control" by rule and regulation, in a manner to ensure uniformity  with federal law, regulation, and usage.    (Source: P.A. 86-1213.)