Statutes, codes, and regulations
Illinois Administrative Code
Title 14 - COMMERCEPart 130 - REGULATIONS UNDER ILLINOIS SECURITIES LAW OF 1953
Subpart B - DEFINITIONS
Section 130.233 - Definition of the Phrase "Promissory Note or Draft, Bill of Exchange or Bankers' Acceptance" as Used in Section 3(L) of the Act

Ill. Admin. Code tit. 14 § 130.233

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Current through Register Vol. 48, No. 25, June 21, 2024
Section 130.233 - Definition of the Phrase "Promissory Note or Draft, Bill of Exchange or Bankers' Acceptance" as Used in Section 3(L) of the Act

The phrase "promissory note or draft, bill of exchange or bankers' acceptance" as used in Section 3(L) of the Act shall mean a negotiable security which is eligible for discounting, pursuant to 12 U.S.C., Sections 24(7) and 85, by banks which are members of the Federal Reserve System, pursuant to 12 U.S.C., Sections 222, 282, 321 and 333.

Ill. Admin. Code tit. 14, § 130.233

Added at 14 Ill. Reg. 5188, effective March 26, 1990