State Codes and Statutes
Statutes > Illinois > Chapter205 > 1180 > 020501050HArt_12 (205 ILCS 105/12‑1) (from Ch. 17, par. 3312‑1) Sec. 12‑1. Reservation of powers to General Assembly. The General Assembly shall have power to amend, repeal or modify this Act, and such amendments or modifications shall be binding upon any and all associations operating under this Act. (Source: P.A. 84‑543.) |
(205 ILCS 105/12‑2) (from Ch. 17, par. 3312‑2) Sec. 12‑2. Applicability of other Acts. Whenever in any Act the terms "savings and loan", "building and loan", "mutual building loan and homestead", "building loan and homestead", or other similar name, are used with reference to associations organized for the purposes of associations incorporated under this Act, such reference shall be applicable to associations operating under this Act. Whenever in any Act the terms "members", "shareholders" or "investors" are used in connection with such associations, however named, the same shall refer to members and holders of capital of associations operating under this Act. (Source: P.A. 84‑543.) |
(205 ILCS 105/12‑3) (from Ch. 17, par. 3312‑3) Sec. 12‑3. Transition. This Act is a successor Act to, and a continuation of the regulation of savings and loan associations provided in, the "Illinois Savings and Loan Act", approved July 5, 1955, as amended. Associations subject to the predecessor Act shall be subject to this Act from and after its effective date. (Source: P.A. 84‑543.) |
(205 ILCS 105/12‑4) (from Ch. 17, par. 3312‑4) Sec. 12‑4. Repealer. The "Illinois Savings and Loan Act", approved July 5, 1955, as amended, is repealed. (Source: P.A. 84‑543.) |
(205 ILCS 105/12‑5) (from Ch. 17, par. 3312‑5) Sec. 12‑5. Effective date. This Act takes effect July 1, 1985. (Source: P.A. 84‑543.) |
