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CBAI Advises Illinois Banks to Disregard $125 Corporate Records Solicitation

December 6, 2013 - - The Community Bankers Association of Illinois has received inquiries from banks regarding whether they are legally required to submit a form which has been circulated by a company calling itself “Corporate Records Service.” The solicitation implies that Illinois law requires the form pertaining to corporate minutes or records to be submitted and directs the recipient to complete the form and send it with a $125 fee to Corporate Records Service by December 23, 2013.

This solicitation is NOT legitimate. There is no Illinois law that requires such a form to be completed or submitted.

Please feel free to contact CBAI General Counsel Jerry Cavanaugh by phone (800-736-2224) or by e-mail (jerryc@cbai.com) with any questions about this matter.