reglab/housing_qa huggingface dataset:
205 ILCS 205/2001.40
2021 Illinois Compiled Statutes|Chapter 205 - FINANCIAL REGULATION|205 ILCS 205/ - Savings Bank Act.|Article 2 - Holding Companies

Sec. 2001.40. Company. "Company" means any corporation, limited liability company, partnership, joint venture, trust, estate, association, or unincorporated association.  (Source: P.A. 96-585, eff. 8-18-09.)
205 ILCS 205/2002
2021 Illinois Compiled Statutes|Chapter 205 - FINANCIAL REGULATION|205 ILCS 205/ - Savings Bank Act.|Article 2 - Holding Companies

 (from Ch. 17, par. 7302-2)Sec. 2002.         Each savings bank holding company and each subsidiary  thereof shall register with the Commissioner within 180 days after  the effective date of this Act or within 90 days after becoming a  savings bank holding company, whichever is later.  Each savings  bank holding company and each subsidiary thereof shall register on  those forms as may be prescribed by the Commissioner which shall  include information with respect to the financial conditions,  ownership, management, and intercompany relations of the holding  company and its subsidiaries and related matters as the  Commissioner may deem necessary or appropriate to carry out the  purposes of this Act.    (Source: P.A. 86-1213.)
205 ILCS 205/2003
2021 Illinois Compiled Statutes|Chapter 205 - FINANCIAL REGULATION|205 ILCS 205/ - Savings Bank Act.|Article 2 - Holding Companies

 (from Ch. 17, par. 7302-3)Sec. 2003.         With respect to each savings bank holding company and  each subsidiary thereof the following shall apply:(1) Each savings bank holding company and each subsidiary  thereof shall file with the Commissioner reports as required by the  Commissioner.  The form of the reports shall be prescribed by the  Commissioner and may require whatever information he deems  necessary concerning the operations of each savings bank holding  company and subsidiary.(2) Each savings bank holding company shall maintain those  books and records as may be prescribed by the Commissioner.(3) Each savings bank holding company and each subsidiary  thereof shall be subject to examination as the Commissioner  shall prescribe.(4) Each savings bank holding company under this Article may  engage in activities prescribed by the Commissioner by regulation.(5) Each savings bank holding company operating under this  Act shall be assessed fees and charges by the Commissioner as  necessary to cover the cost of its examination and supervision  under this Act.  The holding company shall pay these fees and  charges promptly.  The Commissioner is empowered to issue  rules and regulations to establish fees to support  registration, examination and supervision under this Act.    (Source: P.A. 86-1213.)
205 ILCS 205/2004
2021 Illinois Compiled Statutes|Chapter 205 - FINANCIAL REGULATION|205 ILCS 205/ - Savings Bank Act.|Article 2 - Holding Companies

 (from Ch. 17, par. 7302-4)Sec. 2004.         Subject to the regulation of the Commissioner, a savings  bank holding company may acquire control of a subsidiary savings  bank or any holding company upon application to and with the prior  written approval of the Commissioner.  The application shall be in  the form prescribed by the Commissioner and contain  information as will enable the Commissioner to determine whether  the acquisition is consistent with the interest of maintaining a  sound financial system and whether the proposed acquisition  does not afford a basis for supervisory objection.    (Source: P.A. 86-1213.)
205 ILCS 205/2005
2021 Illinois Compiled Statutes|Chapter 205 - FINANCIAL REGULATION|205 ILCS 205/ - Savings Bank Act.|Article 2 - Holding Companies

 (from Ch. 17, par. 7302-5)Sec. 2005.         No savings bank holding company, other than an Illinois  savings bank holding company, may control or own more than 5% of  the voting shares or rights of any Illinois savings bank or  Illinois savings bank holding company unless the holding company  is an out-of-state savings bank holding company and the laws of the  state that is the principal place of business of the out-of-state savings  bank holding company expressly authorize an Illinois  savings bank holding company to acquire a savings bank or savings  bank holding company in that state under qualifications and  conditions that are not unduly restrictive when compared to those  imposed by the laws of Illinois, as determined by the Commissioner.    (Source: P.A. 86-1213.)
205 ILCS 205/2006
2021 Illinois Compiled Statutes|Chapter 205 - FINANCIAL REGULATION|205 ILCS 205/ - Savings Bank Act.|Article 2 - Holding Companies

 (from Ch. 17, par. 7302-6)Sec. 2006.         An Illinois savings bank holding company may control  or own more than 5% of the voting shares or rights of a savings bank  or savings bank holding company only if the principal place of  business of the savings bank or savings bank holding company is  located in the same Geographic Area, as defined in this Article.    (Source: P.A. 86-1213.)
205 ILCS 205/2007
2021 Illinois Compiled Statutes|Chapter 205 - FINANCIAL REGULATION|205 ILCS 205/ - Savings Bank Act.|Article 2 - Holding Companies

(205 ILCS 205/2007) (from Ch. 17, par. 7302-7)Sec. 2007.   (a) A savings bank, including a mutual savings bank operating  under this Act, may reorganize so as to become a holding company by:(1) chartering one or more subsidiary savings banks,     the ownership of which shall be evidenced by stock shares, to be owned by the chartering parent savings bank; and(2) either of the following:(i) transferring the substantial portion of its         assets and all of its insured deposits and part or all of its other liabilities to one or more subsidiary savings banks; or(ii) reorganizing in any other manner as approved         by the Secretary.(b) In order to effect reorganization under subsection (a), the board of  directors of the original savings bank must approve a plan providing for the  reorganization that shall be submitted for approval by a majority of the voting  members of the savings bank.  Approval must occur in accordance with the  savings bank's articles of incorporation and bylaws at a meeting called by the  board of directors. The Secretary may promulgate rules to regulate the  formation of and the ongoing business of the subsidiaries and the holding  company, including the rights of members, levels of investment in holding  company subsidiaries, and stock sales.  (Source: P.A. 97-492, eff. 1-1-12.)
205 ILCS 205/Art. 3 heading
2021 Illinois Compiled Statutes|Chapter 205 - FINANCIAL REGULATION|205 ILCS 205/ - Savings Bank Act.|Article 3 - Incorporation And Organization

 ARTICLE 3.      Incorporation and Organization
205 ILCS 205/3001
2021 Illinois Compiled Statutes|Chapter 205 - FINANCIAL REGULATION|205 ILCS 205/ - Savings Bank Act.|Article 3 - Incorporation And Organization

 (from Ch. 17, par. 7303-1)Sec. 3001. Application for permit to organize.(a) Not fewer than 5 nor more than 20 persons may  organize a savings bank under this Act.(b) The Secretary shall determine the minimum  required capital which shall be at least the minimum required  to obtain insurance of accounts as required by this Act and  shall include additional amounts as the Secretary may find  necessary.  (Source: P.A. 97-492, eff. 1-1-12.)
205 ILCS 205/3002
2021 Illinois Compiled Statutes|Chapter 205 - FINANCIAL REGULATION|205 ILCS 205/ - Savings Bank Act.|Article 3 - Incorporation And Organization

 (from Ch. 17, par. 7303-2)Sec. 3002. Contents of application for permit to organize. The application for a permit to organize shall be on  forms required by the Secretary, shall include all  information as he deems necessary but must include at  least the following:(1) The name, address, social security number, date     of birth, business address, home address, place of birth, and occupation of each organizer.(2) The name of the proposed savings bank.(3) The address of the headquarters, main business     office, and branches, if known, of the proposed savings bank.  Information must include any real estate interests of the organizers that may be involved with any of these locations.(4) The anticipated duration of the proposed savings     bank, which may be perpetual.(5) An audited financial statement of any corporation     or partnership that is one of the organizers or that shall be either a controlling interest in the proposed savings bank, a lender to the proposed savings bank, or a lender for purposes of acquiring an interest in the proposed savings bank to any of the controlling interests.  The Secretary may define by regulation the terms "controlling interest" and "lender".(6) The proposed articles of incorporation and     bylaws.(7) The number of shares of capital stock; the number     of shares and classes of preferred stock, if any; the par value of each type of stock which may not be less than $1; the number of shares to be sold and the per share initial offering price of each share. (Source: P.A. 97-492, eff. 1-1-12.)
205 ILCS 205/3003
2021 Illinois Compiled Statutes|Chapter 205 - FINANCIAL REGULATION|205 ILCS 205/ - Savings Bank Act.|Article 3 - Incorporation And Organization

 (from Ch. 17, par. 7303-3)Sec. 3003.     Contents of articles of incorporation.(a) The articles of incorporation shall set forth:(1) The name of the savings bank.(2) The initial location of the business office.(3) The duration of existence, which shall be     perpetual unless otherwise specified.(4) The initial number of directors, not less than 5.(5) The authorization, if any, to issue deposit     accounts, the aggregate amount of which may be unlimited.(6) The authorization, if any, to issue stock, the     aggregate number of shares and the par value per share, which shall not be less than $1.(7) The quorum required for action of members if a     quorum other than that specified in this Act is desired.(8) Any other provision, not inconsistent with law,     which the subscribers or members may desire, for the internal regulation of the affairs of the savings bank.(b) A savings bank may include in its original articles of incorporation  or amended articles a requirement that proposed amendments to the articles of  incorporation shall be adopted by the affirmative vote of two-thirds of the  total number of votes entitled to be cast.(c) The articles of incorporation need not set forth any of  the powers that this Act confers.    (Source: P.A. 89-74, eff. 6-30-95.)
205 ILCS 205/3004
2021 Illinois Compiled Statutes|Chapter 205 - FINANCIAL REGULATION|205 ILCS 205/ - Savings Bank Act.|Article 3 - Incorporation And Organization

 (from Ch. 17, par. 7303-4)Sec. 3004.     Contents of bylaws.(a) The bylaws of the savings bank shall provide for the  following matters consistent with any applicable provisions of this  Act:(1) The number of directors and the minimum frequency     of directors' meetings, which shall be at least monthly, except that less frequent meetings may be allowed with prior written authorization of the Commissioner.(2) The titles and duties of the officers.(3) The officers authorized, or who may be     authorized, by the directors to execute instruments.(4) A description of the corporate seal.(5) The fiscal year of the savings bank.(6) The location of the business office.(7) The date of the annual meeting of the members,     which may be not more than 120 days after the close of the savings bank's fiscal year.(b) The bylaws may provide also for any or all of the  following matters, among others, consistent with any applicable  provisions of this Act:(1) The method of calling special meetings of the     members, requirements for giving notice of meetings of members in addition to the notice prescribed by this Act, methods of nominating directors and other voting and election procedures.(2) The method of determining the record date for     voting, dividend, and other purposes.(3) The procedure for the transfer of ownership of     capital and for the enforcement of charges and liens.(4) The plan or plans under which deposit accounts     are to be issued; the classes into which they may be divided; and the characteristics of each class as to time of issuance, times and amounts of payments to be made, classification for payment of interest, and other terms as are permitted by this Act.(5) The method by which the directors may enforce     retirement of unpledged deposit accounts.(6) The frequency with which profits of the savings     bank shall be apportioned and the methods of apportionment.(7) Provision for establishment of executive, loan,     investment, and appraisal committees, other special or standing committees as may be desirable, and for an overall business plan for the savings bank.(c) The Commissioner may publish one or more standard forms  of bylaws conforming to the provisions of this Act which may be  adopted by savings banks.    (Source: P.A. 89-320, eff. 1-1-96; 90-301, eff. 8-1-97.)
205 ILCS 205/3005
2021 Illinois Compiled Statutes|Chapter 205 - FINANCIAL REGULATION|205 ILCS 205/ - Savings Bank Act.|Article 3 - Incorporation And Organization

 (from Ch. 17, par. 7303-5)Sec. 3005.     Permit to organize.(a) The Commissioner may require additional information  and conduct whatever investigation necessary to determine  whether to issue a permit to organize, including the  subpoenaing of books and records, taking of public testimony,  and conducting hearings.  The applicants shall share jointly and  severally the expense of the investigations.(b) The Commissioner must find and declare, based on the  record of application and his investigation that:(1) The proposed management, business plan, and     capitalization promise to meet regulatory requirements.(2) The application information is not in dispute.(3) The proposed name is not deceptively similar to     that of other financial institutions within an area defined by regulation of the Commissioner.(4) The proposed business plan and capitalization     promise to serve the needs of the community and its residents.(5) Insurance of accounts shall be effective prior to     issuance of a charter.(c) The Commissioner may promulgate rules to implement and administer  this Section.    (Source: P.A. 86-1213.)
205 ILCS 205/3006
2021 Illinois Compiled Statutes|Chapter 205 - FINANCIAL REGULATION|205 ILCS 205/ - Savings Bank Act.|Article 3 - Incorporation And Organization

 (from Ch. 17, par. 7303-6)Sec. 3006.     Temporary organization and capital subscriptions.(a) Each applicant shall become a member of the  organization committee and shall elect officers and directors  of the savings bank in organization.(b) The officers and directors shall secure  subscriptions for capital in the form of pledges to purchase  stock.(c) The officers and directors shall prepare articles  of incorporation, bylaws, and other items as required by  regulation of the Commissioner.(d) The directors shall apply for insurance of accounts  and advise the Commissioner of each filing, conference, and all  correspondence accompanying and required by a filing.(e) The officers and directors shall take any other  actions necessary to complete organization.(f) The officers and directors shall furnish the  Commissioner with the names and addresses of all investors who  have subscribed to purchase stock.    (Source: P.A. 86-1213.)
205 ILCS 205/3007
2021 Illinois Compiled Statutes|Chapter 205 - FINANCIAL REGULATION|205 ILCS 205/ - Savings Bank Act.|Article 3 - Incorporation And Organization

(205 ILCS 205/3007) (from Ch. 17, par. 7303-7)Sec. 3007.     Completion of organization.     When all of the requirements of this Act are completed, the  Commissioner may require additional assurances, information,  capital, or agreements from the officers or directors of the  organization.  When requirements of this Act, federal  law, the Commissioner's requests, and the Commissioner's  regulations are completed, the Commissioner shall issue a  certificate of complete organization.  The certificate of complete  organization shall be replaced by the issuance of a charter once the  savings bank obtains federally sponsored insurance of its accounts.    (Source: P.A. 86-1213.)
205 ILCS 205/Art. 4 heading
2021 Illinois Compiled Statutes|Chapter 205 - FINANCIAL REGULATION|205 ILCS 205/ - Savings Bank Act.|Article 4 - Membership

 ARTICLE 4.      Membership
205 ILCS 205/4001
2021 Illinois Compiled Statutes|Chapter 205 - FINANCIAL REGULATION|205 ILCS 205/ - Savings Bank Act.|Article 4 - Membership

 (from Ch. 17, par. 7304-1)Sec. 4001.     Members.(a) The membership of a mutual savings bank shall  consist solely of every depositor or holder of a deposit  account issued by the savings bank.(b) The members of a stock savings bank shall be only  the owners of its capital stock.  Jointly owned stock shall  constitute one membership.(c) Any savings bank that had legal existence under  another statute prior to the date of this Act and which, if  it was a mutual, included borrowers as members or, if its  ownership was evidenced by stock, included borrowers and  depositors as members, or as non-voting members, may retain  that membership structure by resolution of its board of  directors to be included in its application for a savings bank  charter under this Act.  Otherwise, borrowers may not be  members of a savings bank operating under this Act, and only  mutual savings banks may include depositors as members.(d) Joint ownership of an account constitutes one membership.    (Source: P.A. 86-1213; 87-498.)
205 ILCS 205/4002
2021 Illinois Compiled Statutes|Chapter 205 - FINANCIAL REGULATION|205 ILCS 205/ - Savings Bank Act.|Article 4 - Membership

 (from Ch. 17, par. 7304-2)Sec. 4002.     Annual and special meetings.     Dates of annual meetings of  members or stockholders shall be specified in the bylaws.  Failure to hold  an annual meeting shall not cause a forfeiture or dissolution of the  savings bank.  Special meetings may be called by the board of directors,  the holders of not less than 25% of the outstanding capital stock shares,  or by any other person as the bylaws may designate.  The Commissioner may  also call a special meeting with not less than 12 hours written or oral  notice.  Every annual or special meeting shall be held at the business  office of the savings bank or, if the space is inadequate, in another place  within the same county as shall be specifically designated in the notice  of the meeting.    (Source: P.A. 86-1213.)
205 ILCS 205/4003
2021 Illinois Compiled Statutes|Chapter 205 - FINANCIAL REGULATION|205 ILCS 205/ - Savings Bank Act.|Article 4 - Membership

 (from Ch. 17, par. 7304-3)Sec. 4003.     Notice of meetings.(a) Notice of an annual meeting shall be published once  not fewer than 10 days nor more than 40 days before the date  of the meeting.  The notice shall also be displayed at the  place of business of the savings bank in a manner to be  prescribed by the Commissioner.  The notice must state the  time, place, and purpose of the meeting.(b) For any special meeting or for any annual meeting  that is to consider any proposition that requires an  affirmative vote of two-thirds of the members or stockholders or any  proposition to amend the articles of incorporation of the savings bank, the  notice must be by mail, postmarked between 10 and 40 days  before the date of the meeting, and must also be posted at the  savings bank's offices as if for an annual meeting, beginning  on the date notice is given.  All notices must state the time,  place, and purpose of the meeting.    (Source: P.A. 89-74, eff. 6-30-95.)
205 ILCS 205/4004
2021 Illinois Compiled Statutes|Chapter 205 - FINANCIAL REGULATION|205 ILCS 205/ - Savings Bank Act.|Article 4 - Membership

 (from Ch. 17, par. 7304-4)Sec. 4004.     Quorum of annual or special meetings.     The articles of incorporation may specify a quorum  requirement, but it may not be less than one-third of the total  number of votes entitled to be voted at a meeting.  Any  meeting, including one at which a quorum is not present, may  be adjourned to a specified date without future notice.    (Source: P.A. 86-1213.)
205 ILCS 205/4005
2021 Illinois Compiled Statutes|Chapter 205 - FINANCIAL REGULATION|205 ILCS 205/ - Savings Bank Act.|Article 4 - Membership

 (from Ch. 17, par. 7304-5)Sec. 4005.     Voting.(a) Voting at a meeting may be either in person or by proxy executed in  writing by the member or stockholder or by his duly authorized  attorney-in-fact.(b) In the determination of all questions requiring ascertainment of who is  entitled to vote and of the number of outstanding shares, the following rules  shall apply:(1) The date of determination shall be the record     date for voting provided in this Act.(2) Each person holding one or more withdrawable     accounts in a mutual savings bank shall have the vote of one share for each $100 of the aggregate withdrawal value of the accounts and shall have the vote of one share for any fraction of $100; however, subject to regulation of the Commissioner, a mutual savings bank may in its by-laws limit the number of votes a person may cast to 1,000 votes. A mutual savings bank may adopt a different voting arrangement if the Commissioner finds that the arrangement would not be inequitable to members and if the members approve the arrangement by an affirmative vote of at least two-thirds of the votes entitled to be cast, however, the voting arrangement need not obtain the foregoing member approval if such voting arrangement is otherwise approved as part of a corporate change under this Act.(3) Each holder of capital stock held shall have one     vote for each share held.(4) Shares owned by the savings bank shall not be     counted or voted.(5) A savings bank authorized to issue stock shall     provide in its articles of incorporation that voting rights shall be vested exclusively in stockholders.   (Source: P.A. 91-97, eff. 7-9-99; 92-483, eff. 8-23-01.)
205 ILCS 205/4006
2021 Illinois Compiled Statutes|Chapter 205 - FINANCIAL REGULATION|205 ILCS 205/ - Savings Bank Act.|Article 4 - Membership

 (from Ch. 17, par. 7304-6)Sec. 4006.     Record date for voting, dividend, and other purposes.(a) For the purposes of determining the holders of  stock, capital accounts, and membership entitled to notice of  or to vote at any meeting of the members or in order to make  a determination of the members, holders, or other persons for  any other proper purpose, the bylaws may provide for a record  date, not fewer than 10 days nor more than 40 days before the  meeting or other event or transaction with regard to which the  determination is to be made.  This determination shall be made  as of the close of business on the record date.(b) If the bylaws do not provide for a record date, the board of  directors may fix a record date for each determination to be made, within  the time limits set forth in subsection (a).  If the board of directors  fails to fix a record date, the record date for a meeting shall  be the date on which the first notice of meeting is given.(c) Shares of stock or deposit accounts withdrawn  or retired after the record date shall not be voted or  counted in determining the number of shares outstanding.  This  Section shall be applicable to the dividend payments on  capital stock, but dividends on deposit  accounts shall  be governed by Section 5008 of this Act.    (Source: P.A. 86-1213.)