§ 810 ILCS 5/4A-501 Variation by agreement and effect of funds transfer system rule
§ 810 ILCS 5/4A-502 Creditor process served on receiving bank; setoff by beneficiary’s bank
§ 810 ILCS 5/4A-503 Injunction or restraining order with respect to funds transfer. For …
§ 810 ILCS 5/4A-504 Order in which items and payment orders may be charged to account; …
§ 810 ILCS 5/4A-505 Preclusion of objection to debit of customer’s account. If a …
§ 810 ILCS 5/4A-506 Rate of interest
§ 810 ILCS 5/4A-507 Choice of law

Terms Used In Illinois Compiled Statutes > 810 ILCS 5 > Article 4A > Part 5 - Miscellaneous Provisions

  • Attachment: A procedure by which a person's property is seized to pay judgments levied by the court.
  • Beneficiary: A person who is entitled to receive the benefits or proceeds of a will, trust, insurance policy, retirement plan, annuity, or other contract. Source: OCC
  • Garnishment: Generally, garnishment is a court proceeding in which a creditor asks a court to order a third party who owes money to the debtor or otherwise holds assets belonging to the debtor to turn over to the creditor any of the debtor
  • Jurisdiction: (1) The legal authority of a court to hear and decide a case. Concurrent jurisdiction exists when two courts have simultaneous responsibility for the same case. (2) The geographic area over which the court has authority to decide cases.
  • Lien: A claim against real or personal property in satisfaction of a debt.
  • Obligation: An order placed, contract awarded, service received, or similar transaction during a given period that will require payments during the same or a future period.
  • Service of process: The service of writs or summonses to the appropriate party.
  • State: when applied to different parts of the United States, may be construed to include the District of Columbia and the several territories, and the words "United States" may be construed to include the said district and territories. See Illinois Compiled Statutes 5 ILCS 70/1.14