205 ILCS 305/5

in effect

(205 ILCS 305/5) (from Ch. 17, par. 4406) Sec. 5. Place of business. (1) A credit union may change its principal place of business within this State upon 45 days prior written notice to the Department, provided that a credit union with a neighborhood or community common bond may not relocate its principal place of business outside of its neighborhood or community. (2) A credit union may share office space with one or more credit unions and contract with any person, firm or corporation, including another credit union, to provide facilities or personnel. (Source: P.A. 81-329; 91-131, eff. 7-16-99.)

Source: Open US Law by Vaquill AI (CC BY 4.0)URL: https://www.ilga.gov/legislation/ilcs/ilcs.aspFetched: 10/17/2026