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Code · Illinois · Chapter 205 — FINANCIAL REGULATION · Act 657

(Section scheduled to be repealed on January 1, 2026)

74 words·~1 min read·/il/chapter-205/act-657/1-21·

A research copy — for the controlling text, always check the official state or federal source. Not legal advice.

(Section scheduled to be repealed on January 1, 2026)
Sec. 85. Liability of licensees. A licensee is liable for the payment of all moneys covered by payment instruments that it sells or issues in any form in this State through its authorized sellers and all moneys it receives itself or through its authorized sellers for transmission by any means whether or not any instrument is a negotiable instrument under the laws of this State.
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