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90_HB3235
205 ILCS 5/84 new
205 ILCS 10/4.5 new
205 ILCS 105/1-13 new
205 ILCS 205/1010 new
205 ILCS 650/9 new
Amends the Illinois Banking Act, the Illinois Bank
Holding Company Act of 1957, the Illinois Savings and Loan
Act of 1985, the Savings Bank Act, and the Foreign Bank
Representative Office Act. Provides that entities and
employees of entities organized under those Acts are not
liable to persons not in privity of contract for conduct in
connection with computer operations involving the rollover of
the 2-digit date value to "00" in the year 2000.
LRB9010798JSgc
LRB9010798JSgc
1 AN ACT concerning computer operations of certain
2 financial institutions, amending named Acts.
3 Be it enacted by the People of the State of Illinois,
4 represented in the General Assembly:
5 Section 5. The Illinois Banking Act is amended by adding
6 Section 84 as follows:
7 (205 ILCS 5/84 new)
8 Sec. 84. Computer date rollover; no liability. No bank
9 or subsidiary of the bank shall be liable to persons not in
10 privity of contract with the bank or a subsidiary of the bank
11 for civil damages resulting from acts, omissions, decisions,
12 or other conduct in connection with computer operations
13 involving the rollover of the 2-digit date value to "00" in
14 the year 2000. No employee, officer, or director of a bank
15 or subsidiary of the bank shall be liable to any person for
16 civil damages resulting from acts, omissions, decisions, or
17 other conduct in connection with computer operations
18 involving the rollover of the 2-digit date value to "00" in
19 the year 2000.
20 Section 10. The Illinois Bank Holding Company Act of
21 1957 is amended by adding Section 4.5 as follows:
22 (205 ILCS 10/4.5 new)
23 Sec. 4.5. Computer date rollover; no liability. No bank
24 holding company or subsidiary of the bank holding company
25 shall be liable to persons not in privity of contract with
26 the bank holding company or a subsidiary of the bank holding
27 company for civil damages resulting from acts, omissions,
28 decisions, or other conduct in connection with computer
29 operations involving the rollover of the 2-digit date value
-2- LRB9010798JSgc
1 to "00" in the year 2000. No employee, officer, or director
2 of a bank holding company or subsidiary of the bank holding
3 company shall be liable to any person for civil damages
4 resulting from acts, omissions, decisions, or other conduct
5 in connection with computer operations involving the rollover
6 of the 2-digit date value to "00" in the year 2000.
7 Section 15. The Illinois Savings and Loan Act of 1985 is
8 amended by adding Section 1-13 as follows:
9 (205 ILCS 105/1-13 new)
10 Sec. 1-13. Computer date rollover; no liability. No
11 association or subsidiary of the association shall be liable
12 to persons not in privity of contract with the association or
13 a subsidiary of the association for civil damages resulting
14 from acts, omissions, decisions, or other conduct in
15 connection with computer operations involving the rollover of
16 the 2-digit date value to "00" in the year 2000. No
17 employee, officer, or director of an association or
18 subsidiary of the association shall be liable to any person
19 for civil damages resulting from acts, omissions, decisions,
20 or other conduct in connection with computer operations
21 involving the rollover of the 2-digit date value to "00" in
22 the year 2000.
23 Section 20. The Savings Bank Act is amended by adding
24 Section 1010 as follows:
25 (205 ILCS 205/1010 new)
26 Sec. 1010. Computer date rollover; no liability. No
27 savings bank or subsidiary of the savings bank shall be
28 liable to persons not in privity of contract with the savings
29 bank or a subsidiary of the savings bank for civil damages
30 resulting from acts, omissions, decisions, or other conduct
-3- LRB9010798JSgc
1 in connection with computer operations involving the rollover
2 of the 2-digit date value to "00" in the year 2000. No
3 employee, officer, or director of a savings bank or
4 subsidiary of the savings bank shall be liable to any person
5 for civil damages resulting from acts, omissions, decisions,
6 or other conduct in connection with computer operations
7 involving the rollover of the 2-digit date value to "00" in
8 the year 2000.
9 Section 25. The Foreign Bank Representative Office Act
10 is amended by adding Section 9 as follows:
11 (205 ILCS 650/9 new)
12 Sec. 9. Computer date rollover; no liability. No
13 foreign bank or subsidiary of the foreign bank shall be
14 liable to persons not in privity of contract with the foreign
15 bank or a subsidiary of the foreign bank for civil damages
16 resulting from acts, omissions, decisions, or other conduct
17 in connection with computer operations involving the rollover
18 of the 2-digit date value to "00" in the year 2000. No
19 employee, officer, or director of a foreign bank or
20 subsidiary of the foreign bank shall be liable to any person
21 for civil damages resulting from acts, omissions, decisions,
22 or other conduct in connection with computer operations
23 involving the rollover of the 2-digit date value to "00" in
24 the year 2000.