Reg O Audit

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!

5/37 would cover the limits for Reg O. But to my knowledge, that State conforms to the Reg O limits.

Thank you and boy is that baby getting big!

He sure is!

I have been following your pictures for quite awhile now! Whatta cutie!

Thanks. When I take a good picture of him, I try to remember to update the BOL profile.

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?

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.