Article 4A of the Illinois Uniform Commercial Code (UCC) provides rights of a customer and obligations of a bank regarding fund transfers.[1] In the 2020 case, Whitaker v. Wedbush Securities, Inc., the Illinois Supreme Court addressed what type of institution...
ILLINOIS COURT RULES SECURITIES COMPANIES THAT PROVIDE TRADING ACCOUNTS MAY BE SUBJECT TO THE SAME RULES THAT GOVERN BANKS UNDER THE UNIFORM COMMERICAL CODE
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