FIN-CREDIT UNION BANK PURCHASE Senate SponsorsSen. Brian W. Stewart 1/10/2023SenateSession Sine Die 205 ILCS 305/12.5 newAmends the Illinois Credit Union Act. Provides that an acquiring credit union shall be liable for a fee equal to 10% of the book value of the assets or liabilities, whichever is greater, of a bank that has been purchased by the credit union. Provides that the provision applies to all banks, savings banks, savings and loan associations, and credit unions chartered or holding a certificate of authority to do business under the laws of this State or any other state or under the laws of the United States. Defines "book value of the assets or liabilities of a bank". 1/11/2022SenateFiled with Secretary by Sen. Brian W. Stewart 1/11/2022SenateFirst Reading 1/11/2022SenateReferred to Assignments 2/1/2022SenateAssigned to Financial Institutions 2/10/2022SenatePostponed - Financial Institutions 2/10/2022SenateRule 3-9(a) / Re-referred to Assignments 1/10/2023SenateSession Sine Die