Bill Text: IL HB0633 | 2019-2020 | 101st General Assembly | Introduced

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Bill Title: Amends the Derogatory Statements About Banks Act. Makes a technical change in a Section concerning violations of the Act.

Sponsorship: Partisan Bill (Democrat 1)

Status: (Introduced - Dead) 2019-04-12 - Rule 19(a) / Re-referred to Rules Committee [HB0633 Detail]

Download: Illinois-2019-HB0633-Introduced.html

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101ST GENERAL ASSEMBLY State of Illinois 2019 and 2020 HB0633 Introduced , by Rep. Michael J. Madigan SYNOPSIS AS INTRODUCED:
720 ILCS 300/1 from Ch. 17, par. 901
Amends the Derogatory Statements About Banks Act. Makes a technical change in a Section concerning violations of the Act.
LRB101 03631 SLF 48639 b
A BILL FOR
HB0633 LRB101 03631 SLF 48639 b
AN ACT concerning criminal law.
Be it enacted by the People of the State of Illinois,
represented in the General Assembly:
Section 5. The Derogatory Statements About Banks Act is
amended by changing Section 1 as follows:
(720 ILCS 300/1) (from Ch. 17, par. 901)
Sec. 1. Any person who shall willfully and and maliciously
make, circulate, or transmit to another or others, any
statements, rumor or suggestion, written, printed or by word of
mouth, which is directly or by inference derogatory to the
financial condition, with intent to affect the solvency or
financial standing of any corporation doing a banking or trust
business in this State, or any building and loan association or
federal savings and loan association doing business in this
State, or who shall counsel, aid, procure or induce another to
start, transmit or circulate any such statement, rumor or
suggestion, shall be guilty of a Class A misdemeanor: However,
the truth of said statement, established by the maker thereof,
shall be a complete defense in any prosecution under the
provisions of this Act.
(Source: P.A. 77-2830.)