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#354956 - 05/03/05 06:11 PM Reg O Audit
Tesla Online
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I am doing my first Reg 0 audit and just thought about Illinois law affecting Reg 0. I quickly skimmed the Act and think 205 ILCS 5/32, 34, 35 and 37 deal with this issue. Am I missing something?

Thanks in advance for your help/thoughts!

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#354957 - 05/04/05 06:51 PM Re: Reg O Audit
Dave M_TCA Online
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Dave M_TCA
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5/37 would cover the limits for Reg O. But to my knowledge, that State conforms to the Reg O limits.
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David J Mulkerin, CRCM
All opinions expressed are mine and not those of my employer and are not to be taken as legal advice.

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#354958 - 05/04/05 06:55 PM Re: Reg O Audit
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Thank you and boy is that baby getting big!
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It's not that I take life for granted. It's only that the good won't make it. Innocence dies, while Villany Thrives.

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#354959 - 05/04/05 06:57 PM Re: Reg O Audit
Dave M_TCA Online
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Dave M_TCA
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He sure is!
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David J Mulkerin, CRCM
All opinions expressed are mine and not those of my employer and are not to be taken as legal advice.

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#354960 - 05/04/05 06:58 PM Re: Reg O Audit
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I have been following your pictures for quite awhile now! Whatta cutie!

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#354961 - 05/04/05 07:07 PM Re: Reg O Audit
Dave M_TCA Online
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Dave M_TCA
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Thanks. When I take a good picture of him, I try to remember to update the BOL profile.
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David J Mulkerin, CRCM
All opinions expressed are mine and not those of my employer and are not to be taken as legal advice.

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#354962 - 05/11/05 08:53 PM Re: Reg O Audit
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Well - continue to keep us posted!

Can I ask another related question? Does IL allow phone polling of the directors for voting a majority interest?

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#354963 - 05/25/05 04:58 PM Re: Reg O Audit
Dave M_TCA Online
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Dave M_TCA
Joined: Oct 2000
Posts: 682
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I have no clue, sorry. I would check your bank's bylaws to see how voting is covered there. If it allows for electronic communication, you may be alright. If it requires something to be done in person, you may be out of luck.
_________________________
David J Mulkerin, CRCM
All opinions expressed are mine and not those of my employer and are not to be taken as legal advice.

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