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96TH GENERAL ASSEMBLY
State of Illinois
2009 and 2010
SB1120
Introduced 2/6/2009, by Sen. John J. Cullerton SYNOPSIS AS INTRODUCED:
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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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SB1120 |
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LRB096 07194 KTG 17280 b |
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| AN ACT concerning business.
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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 Illinois Securities Law of 1953 is amended |
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| by changing Section 2.1 as follows:
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| (815 ILCS 5/2.1) (from Ch. 121 1/2, par. 137.2-1)
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| Sec. 2.1. Security. "Security" means any note, stock, |
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| treasury stock,
bond, debenture, evidence of indebtedness, |
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| certificate of interest or
participation in any profit-sharing |
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| agreement, collateral-trust
certificate, preorganization |
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| certificate or subscription, transferable
share, investment |
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| contract, investment fund share, face-amount certificate,
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| voting-trust certificate, certificate of deposit
for a |
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| security, fractional
undivided interest in oil, gas or other |
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| mineral lease, right or royalty,
any put, call, straddle, |
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| option, or privilege on any security, certificate
of deposit, |
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| or group or index of securities (including any interest therein
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| or based on the
the value thereof), or any put, call, straddle, |
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| option, or
privilege entered into, relating to
foreign |
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| currency, or, in general, any interest or instrument commonly |
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| known
as a "security", or any certificate of interest or |
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| participation in,
temporary or interim certificate for, |
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| receipt for, guarantee of, or warrant
or right to subscribe to |