205 ILCS 657/85

(205 ILCS 657/85)

Sec. 85. Liability of licensees. A licensee is liable for the payment of all moneys covered by payment instruments that it sells or issues in any form in this State through its authorized sellers and all moneys it receives itself or through its authorized sellers for transmission by any means whether or not any instrument is a negotiable instrument under the laws of this State.

(Source: P.A. 88-643, eff. 1-1-95.)