Illinois General Assembly - Full Text of Public Act 094-0780
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Public Act 094-0780




Public Act 094-0780
HB4736 Enrolled LRB094 17057 MKM 52339 b

    AN ACT concerning regulation.
    Be it enacted by the People of the State of Illinois,
represented in the General Assembly:
    Section 5. The Check Printer and Check Number Act is
amended by changing Section 5 as follows:
    (205 ILCS 690/5)
    Sec. 5. Definitions. For the purposes of this Act:
    "Commissioner" means the Commissioner of Banks and Real
    "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.
    "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
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.
    "Check" means a writing that complies with the requirements
of Section 3-104 of the Uniform Commercial Code.
    "Person" means any natural person or his legal
representative, partnership, corporation, company, trust,
business entity, or association.
(Source: P.A. 90-184, eff. 7-23-97.)
    Section 99. Effective date. This Act takes effect upon
becoming law.

Effective Date: 5/19/2006