91st General Assembly
Summary of HB2019
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House Sponsors:
HASSERT-PERSICO.

Senate Sponsors:
SHADID

Short description: 
BNK-CHANGE LOCATION                                                        

Synopsis of Bill as introduced:
        Amends the Illinois Banking Act.  Provides that a bank may change      
   its main banking premises upon giving written notice of the change  to      
   the  Commissioner of Banks and Real Estate at least 30 days before the      
   change.                                                                     
        HOUSE AMENDMENT NO. 1.                                                 
          Adds reference to:                                                   
          205 ILCS 5/39                   from Ch. 17, par. 349                
        Further  amends  the  Illinois  Banking   Act.    Makes   changes      
   concerning  the  method  a  bank  shall use to change its main banking      
   premises.  Requires a bank to give the  Commissioner  30  days  notice      
   before  it changes its name.  Provides that by the affirmative vote of      
   at least two-thirds of the outstanding shares  of  stock  of  a  State      
   bank,  a  State  bank  may establish that a director is not personally      
   liable to the bank or its shareholders for monetary damages for breach      
   of the director's fiduciary duty.                                           
 
Last action on Bill: PUBLIC ACT.............................. 91-0322

   Last action date: 99-07-29

           Location: House

 Amendments to Bill: AMENDMENTS ADOPTED: HOUSE -   1     SENATE -   0


   END OF INQUIRY 



 Full Text  Bill Status