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Public
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If the source note at the end of a Section of the statutes includes a Public Act that has
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(305 ILCS 5/10-24)
Sec. 10-24.
Definitions.
In this Section through Section 10-24.50:
"Account" means a demand deposit account, checking or negotiable withdrawal
order account, savings account, time deposit account, or money market mutual
fund account.
"Financial institution" includes:
(1) a depository institution, which is any bank or |
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(2) an insured depository institution, which is any
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| bank or saving institution the deposits of which are insured pursuant to the Federal Deposit Insurance Act, or any uninsured branch or agency of a foreign bank or a commercial lending company owned or controlled by a foreign bank;
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(3) a federal depository institution, which is any
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| national bank, any federal savings association, or any federal branch;
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(4) a state depository institution, which is any
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| state bank, any state savings association, or any insured branch which is not a federal branch;
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(5) a federal credit union, which is a cooperative
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| association organized in accordance with the provisions of the Federal Credit Union Act;
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(6) a state chartered credit union which is organized
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| and operated according to the laws of this or any other state, which laws provide for the organization of credit unions similar in principle and objectives to federal credit unions; and
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(7) any benefit association, insurance company, safe
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| deposit company, money market mutual fund, or similar entity authorized to do business in this State.
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"Financial record" has the meaning given to that term in Section 1101 of
the federal Right to Financial Privacy Act of 1978 (12 U.S.C. 3401).
(Source: P.A. 90-18, eff. 7-1-97.)
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