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HB4736 Enrolled |
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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 |
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| 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 |
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| Estate.
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| "Consumer-deposit account" means a demand or other similar |
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| deposit
account such as a checking, negotiable order of |
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| withdrawal, money
market, savings deposit, share, or member |
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| account established and maintained by
a natural person with a |
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| financial institution and operated primarily for
personal, |
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| family, or household purposes.
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| "Financial institution" means (i) any bank subject to the |
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| Illinois
Banking
Act, any savings bank subject to the Savings |
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| Bank Act, any savings and
loan association subject to the |
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| Illinois Savings and Loan Act of 1985, or any
credit union |
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| subject to the Illinois Credit Union Act; (ii) any
federally |
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| chartered commercial bank, savings bank, savings and loan
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| association, or credit union organized and operated in this |
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| State under the
laws of the United
States and operating in this |
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| State; and (iii) any business corporation, limited liability |
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| company,
business trust, partnership, joint venture, or other |
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| entity that is directly or
indirectly at least 50% owned by or |
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| commonly owned with a financial
institution.
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| "Check" means a writing that complies with the requirements |
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| of Section
3-104 of the Uniform Commercial Code.
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| "Person" means any natural person or his legal |
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| representative,
partnership, corporation, company, trust, |
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| business entity, or association.
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