Bill Text: IL HB1400 | 2019-2020 | 101st General Assembly | Introduced

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Bill Title: Amends the Adverse Claims to Deposit Accounts Act. Makes a technical change in a Section concerning rights or remedies available to financial institutions.

Spectrum: Partisan Bill (Democrat 1-0)

Status: (Introduced - Dead) 2019-04-12 - Rule 19(a) / Re-referred to Rules Committee [HB1400 Detail]

Download: Illinois-2019-HB1400-Introduced.html

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101ST GENERAL ASSEMBLY State of Illinois 2019 and 2020 HB1400 Introduced , by Rep. Michael J. Madigan SYNOPSIS AS INTRODUCED:
205 ILCS 700/25
Amends the Adverse Claims to Deposit Accounts Act. Makes a technical change in a Section concerning rights or remedies available to financial institutions.
LRB101 03402 JRG 48410 b
A BILL FOR
HB1400 LRB101 03402 JRG 48410 b
AN ACT concerning regulation.
Be it enacted by the People of the State of Illinois,
represented in the General Assembly:
Section 5. The Adverse Claims to Deposit Accounts Act is
amended by changing Section 25 as follows:
(205 ILCS 700/25)
Sec. 25. Other rights. This This Act shall not displace or
otherwise preclude any other rights or remedies, whether at law
or in equity, available to a financial institution.
(Source: P.A. 89-601, eff. 8-2-96.)