Illinois § 5006
Full text of Illinois Illinois Compiled Statutes § 5006, with citation guidance and answers to common questions.
§ 5006.
Who may hold capital. Capital stock of a savings bank may be held: (1) By any individual in his own right, regardless of age or marital status, or by 2 or more individuals. (2) By a fiduciary when authorized by law. (3) By a government or governmental instrumentality when authorized by law. (4) By any corporation or other person when not prohibited by law. (Source: P.A. 86-1213.)
Frequently Asked Questions About Illinois § 5006
What does Illinois Compiled Statutes § 5006 cover?
Section 5006 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 § 5006?
A common citation format is "Illinois Compiled Statutes § 5006" (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 § 5006 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.