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Public Act 094-0780
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| HB4736 Enrolled |
LRB094 17057 MKM 52339 b |
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AN ACT concerning regulation.
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Be it enacted by the People of the State of Illinois,
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represented in the General Assembly:
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Section 5. The Check Printer and Check Number Act is |
amended by changing Section 5 as follows:
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(205 ILCS 690/5)
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Sec. 5. Definitions. For the purposes of this Act:
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"Commissioner" means the Commissioner of Banks and Real |
Estate.
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"Consumer-deposit account" means a demand or other similar |
deposit
account such as a checking, negotiable order of |
withdrawal, money
market, savings deposit, share, or member |
account established and maintained by
a natural person with a |
financial institution and operated primarily for
personal, |
family, or household purposes.
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"Financial institution" means (i) any bank subject to the |
Illinois
Banking
Act, any savings bank subject to the Savings |
Bank Act, any savings and
loan association subject to the |
Illinois Savings and Loan Act of 1985, or any
credit union |
subject to the Illinois Credit Union Act; (ii) any
federally |
chartered commercial bank, savings bank, savings and loan
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association, or credit union organized and operated in this |
State under the
laws of the United
States and operating in this |
State; and (iii) any business corporation, limited liability |
company,
business trust, partnership, joint venture, or other |
entity that is directly or
indirectly at least 50% owned by or |
commonly owned with a financial
institution.
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"Check" means a writing that complies with the requirements |
of Section
3-104 of the Uniform Commercial Code.
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"Person" means any natural person or his legal |
representative,
partnership, corporation, company, trust, |
business entity, or association.
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