Chapter 205 financial regulation act 5 illinois banking act act 10 illinois bank holding company act of 1957 act 205 savings bank act act 425 building law violation ownership disclosure act act 430 sale of residential property subject to land trust act . Division of banking legal rules and regulations the information provided by the illinois department of financial and professional regulation website is intended for the use and convenience of interested persons illinois statutes are available in the book laws of illinois published by the illinois secretary of states office in . This act may be cited as the illinois banking act source laws 1955 p 83 205 ilcs 5 2 from ch 17 par 302 an illinois bank that is the resulting bank following a merger involving an illinois interim bank shall be considered to have been in existence and continuously operated during the existence and continuous operation of the . Illinois banks may also be subject to state cannabis banking laws banks in illinois hoping to take cannabis businesses as customers should be aware of potential state regulations 39 already fincens guidance requires banks to report state law violations which practicallyleaves banks having to ensure cannabis businesses comply with state . Application of illinois law a to further the purpose and policies of this act the provisions of the following acts shall be liberally construed 1 the illinois banking act and 2 the foreign banking office act b subsection a of this section shall not be applied in a manner that will adversely affect the safety and soundness of a bank
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