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| | 102ND GENERAL ASSEMBLY
State of Illinois
2021 and 2022
HB1005 Introduced 2/17/2021, by Rep. Emanuel Chris Welch SYNOPSIS AS INTRODUCED:
| | 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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| | HB1005 | | LRB102 03018 KTG 13031 b |
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| 1 | | AN ACT concerning business.
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| 2 | | Be it enacted by the People of the State of Illinois, |
| 3 | | represented in the General Assembly:
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| 4 | | Section 5. The Illinois Securities Law of 1953 is amended |
| 5 | | by changing Section 2.1 as follows:
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| 6 | | (815 ILCS 5/2.1) (from Ch. 121 1/2, par. 137.2-1)
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| 7 | | 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, viatical investment, investment fund share, |
| 13 | | face-amount certificate,
voting-trust certificate, |
| 14 | | certificate of deposit
for a security, fractional
undivided |
| 15 | | interest in oil, gas or other mineral lease, right or royalty,
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| 16 | | any put, call, straddle, option, or privilege on any security, |
| 17 | | certificate
of deposit, or group or index of securities |
| 18 | | (including any interest therein
or based on the
the value |
| 19 | | thereof), or any put, call, straddle, option, or
privilege |
| 20 | | entered into, relating to
foreign currency, or, in general, |
| 21 | | any interest or instrument commonly known
as a "security", or |
| 22 | | any certificate of interest or participation in,
temporary or |
| 23 | | interim certificate for, receipt for, guarantee of, or warrant
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