HB1400 101ST GENERAL ASSEMBLY

LRB101 03402 JRG 48410 b

101ST GENERAL ASSEMBLY
State of Illinois
2019 and 2020
HB1400

Introduced , by Rep. Michael J. Madigan

SYNOPSIS AS INTRODUCED:

205 ILCS 700/25

Amends the Adverse Claims to Deposit Accounts Act. Makes a technical change in a Section concerning rights or remedies available to financial institutions.

A BILL FOR

AN ACT concerning regulation.

Be it enacted by the People of the State of Illinois, represented in the General Assembly:

Section 5. The Adverse Claims to Deposit Accounts Act is amended by changing Section 25 as follows:

(205 ILCS 700/25)

Sec. 25. Other rights. This This Act shall not displace or otherwise preclude any other rights or remedies, whether at law or in equity, available to a financial institution.

(Source: P.A. 89-601, eff. 8-2-96.)