Skip to main content

Illinois – Legislation Amends Corporate Fiduciary Act

House Bill 1809 (Public Act No. 48) signed by the governor and effective August 11 amended the Corporate Fiduciary Act to remove the requirement that a corporate fiduciary of a bank, savings and loan association, or savings bank give notice of intent to establish a branch office to the Secretary of Financial and Professional Regulation 30 days prior to purchasing or leasing of land, building, or equipment.