Full Text of HB1269 096th General Assembly
HB1269 96TH GENERAL ASSEMBLY
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96TH GENERAL ASSEMBLY
State of Illinois
2009 and 2010 HB1269
Introduced 2/18/2009, by Rep. Jack D. Franks SYNOPSIS AS INTRODUCED: |
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815 ILCS 5/2.1 |
from Ch. 121 1/2, par. 137.2-1 |
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Amends the Illinois Securities Law of 1953. Makes a technical change in a
Section concerning the definition of security.
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A BILL FOR
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HB1269 |
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LRB096 10256 KTG 20424 b |
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| AN ACT concerning business.
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| Be it enacted by the People of the State of Illinois, | 3 |
| represented in the General Assembly:
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| Section 5. The Illinois Securities Law of 1953 is amended | 5 |
| by changing Section 2.1 as follows:
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| (815 ILCS 5/2.1) (from Ch. 121 1/2, par. 137.2-1)
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| Sec. 2.1. Security. "Security" means any note, stock, | 8 |
| treasury stock,
bond, debenture, evidence of indebtedness, | 9 |
| certificate of interest or
participation in any profit-sharing | 10 |
| agreement, collateral-trust
certificate, preorganization | 11 |
| certificate or subscription, transferable
share, investment | 12 |
| contract, investment fund share, face-amount certificate,
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| voting-trust certificate, certificate of deposit
for a | 14 |
| security, fractional
undivided interest in oil, gas or other | 15 |
| mineral lease, right or royalty,
any put, call, straddle, | 16 |
| option, or privilege on any security, certificate
of deposit, | 17 |
| or group or index of securities (including any interest therein
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| or based on the
the value thereof), or any put, call, straddle, | 19 |
| option, or
privilege entered into, relating to
foreign | 20 |
| currency, or, in general, any interest or instrument commonly | 21 |
| known
as a "security", or any certificate of interest or | 22 |
| participation in,
temporary or interim certificate for, | 23 |
| receipt for, guarantee of, or warrant
or right to subscribe to |
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HB1269 |
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LRB096 10256 KTG 20424 b |
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| or purchase, any of the foregoing.
"Security" does not mean a | 2 |
| mineral investment contract or a mineral
deferred delivery | 3 |
| contract; provided, however, the Department shall have
the | 4 |
| authority to regulate these contracts as hereinafter provided. | 5 |
| (Source: P.A. 92-308, eff. 1-1-02; 93-927, eff. 8-12-04.)
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