Illinois § 3
Full text of Illinois Illinois Compiled Statutes § 3, with citation guidance and answers to common questions.
§ 3.
As used in this Act, the term: (a) "Currency" means currency and coin of the United States; (b) (Blank); (c) "Director" means Director of the Illinois State Police; (d) "Financial Institution" means any: (1) National or state bank or banking association; (2) Agency or branch of a foreign bank, or international bank; (3) Industrial savings bank; (4) Trust company; (5) Federal or state savings and loan association; (6) Federal or state credit union; (7) Community or ambulatory currency exchange; (8) Issuer, redeemer, or cashier of travelers' checks, money orders, or similar instruments; (9) Operator of a credit card system; (10) Insurance company; (11) Dealer in precious metals, stones, and jewels; (12) Loan or finance company; (13) Pawnbroker; (14) Travel agency; (15) Licensed sender of money; (16) Telegraph company; (17) Business engaged in vehicle or vessel sales, including automobile, airplane and boat sales; (18) Person involved in real estate closings, settlements, sales, or auctions. However, "Financial Institution" does not include an office, department, agency or other entity of State government. (Source: P.A. 102-538, eff. 8-20-21.)
Frequently Asked Questions About Illinois § 3
What does Illinois Compiled Statutes § 3 cover?
Section 3 is part of the Illinois Compiled Statutes, the codified statutory law of Illinois. It sets out the legal rule or procedure described in the text above. Statutes are amended regularly, so always verify against the official source.
How do I cite Illinois § 3?
A common citation format is "Illinois Compiled Statutes § 3" (Illinois). Legal writing may require the code abbreviation, section number, and year or edition. Match the style required by your court, professor, or publisher.
Is this the official text of Illinois law?
No. This page is for research and education and may not include the most recent amendments. For official current law, check the Illinois official source linked on this page or consult a licensed Illinois attorney.
How does Illinois § 3 apply to my situation?
Statutes are interpreted in context, and application depends on your specific facts. Only a licensed attorney in Illinois can advise on how this section applies to you. Contact your state or local bar association for a referral.
Sources & Verification
Not legal advice. Verify against the official source and consult a licensed attorney in Illinois.