Illinois § 3006
Full text of Illinois Illinois Compiled Statutes § 3006, with citation guidance and answers to common questions.
§ 3006.
Temporary organization and capital subscriptions. (a) Each applicant shall become a member of the organization committee and shall elect officers and directors of the savings bank in organization. (b) The officers and directors shall secure subscriptions for capital in the form of pledges to purchase stock. (c) The officers and directors shall prepare articles of incorporation, bylaws, and other items as required by regulation of the Commissioner. (d) The directors shall apply for insurance of accounts and advise the Commissioner of each filing, conference, and all correspondence accompanying and required by a filing. (e) The officers and directors shall take any other actions necessary to complete organization. (f) The officers and directors shall furnish the Commissioner with the names and addresses of all investors who have subscribed to purchase stock. (Source: P.A. 86-1213.)
Frequently Asked Questions About Illinois § 3006
What does Illinois Compiled Statutes § 3006 cover?
Section 3006 is part of the Illinois Compiled Statutes, the codified statutory law of Illinois. It sets out the legal rule or procedure described in the text above. Statutes are amended regularly, so always verify against the official source.
How do I cite Illinois § 3006?
A common citation format is "Illinois Compiled Statutes § 3006" (Illinois). Legal writing may require the code abbreviation, section number, and year or edition. Match the style required by your court, professor, or publisher.
Is this the official text of Illinois law?
No. This page is for research and education and may not include the most recent amendments. For official current law, check the Illinois official source linked on this page or consult a licensed Illinois attorney.
How does Illinois § 3006 apply to my situation?
Statutes are interpreted in context, and application depends on your specific facts. Only a licensed attorney in Illinois can advise on how this section applies to you. Contact your state or local bar association for a referral.
Sources & Verification
Not legal advice. Verify against the official source and consult a licensed attorney in Illinois.