§ 132.30 DEFINITIONS.

For the purpose of §§ 132.30 through 132.37 the following definitions shall apply unless the context clearly indicates or requires a different meaning.

ACCOUNT HOLDER. Any person having a checking account or savings account in a financial institution.

FINANCIAL INSTITUTION. Any bank, savings and loan association, credit union, or other depository of money, or medium of savings and collective investment.

WITH THE INTENT TO DEFRAUD. Willfully, and with the specific intent to deceive or cheat, for the purpose of causing financial loss to another, or to bring some financial gain to oneself. It is not necessary to establish that any person was actually defrauded or deceived.

(ILCS Ch. 720, Act 5, § 17-1)

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