(205 ILCS 5/44) (from Ch. 17, par. 354)
Sec. 44.
School
or institutional deposits. Subject to
such
regulations as the Commissioner may prescribe for the protection of
depositors, a bank may contract with the proper authorities of any
elementary or secondary school, or of any institution caring for minors,
for the participation by the bank in any school or institutional thrift or
savings plan, and it may accept deposits at such school or institution,
either by its own collector or by any representative of the school or
institution who becomes the agent of the bank for such purpose.
(Source: P.A. 89-364, eff. 8-18-95.)
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