SharePoint Online: Configure Require Check Out Option using PowerShell

#Load SharePoint CSOM Assemblies
Add-Type -Path "C:\Program Files\Common Files\Microsoft Shared\Web Server Extensions\16\ISAPI\Microsoft.SharePoint.Client.dll"
Add-Type -Path "C:\Program Files\Common Files\Microsoft Shared\Web Server Extensions\16\ISAPI\Microsoft.SharePoint.Client.Runtime.dll"
 
Function Set-SPORequireCheckout([String] $SiteURL,[Boolean] $RequireCheckout)
{
    Try {
        #Setup the context
        $Ctx = New-Object Microsoft.SharePoint.Client.ClientContext($SiteURL)
        $Ctx.Credentials = $Credentials
          
        #Get the web and Its subsites from given URL
        $Web = $Ctx.web
        $Ctx.Load($Web)
        $Ctx.Load($Web.Lists)
        $Ctx.Load($web.Webs)
        $Ctx.executeQuery()
  
        #Filter Document Libraries from Lists collection
        $DocumentLibraries = $Web.Lists | Where {$_.BaseType -eq "DocumentLibrary" -and $_.Hidden -eq $False}
 
        Write-host -f Yellow "Processing Site:" $SiteURL
        #Loop through each document library and set require checkout option
        Foreach ($DocumentLibrary in $DocumentLibraries)
        {
            #Require documents to be checked out before they can be edited 
            $DocumentLibrary.ForceCheckout=$RequireCheckout
            $DocumentLibrary.Update()
            $Ctx.ExecuteQuery() 
            Write-host -f Green "`t Require Checkout has been Configured for" $DocumentLibrary.Title
        }
   
        #Iterate through each subsite of the current web
        ForEach ($Subweb in $Web.Webs)
        {
            #Call the function recursively
            Set-SPORequireCheckout $Subweb.url $RequireCheckout
        }
    }
    Catch {
        write-host -f Red "Error:" $_.Exception.Message
    }
}
 
#Config Parameters
$SiteCollURL="https://Crescent.sharepoint.com"
$RequireCheckout = $True

#Setup Credentials to connect
$Cred= Get-Credential
$Credentials = New-Object Microsoft.SharePoint.Client.SharePointOnlineCredentials($Cred.Username, $Cred.Password)

#Call the function to Set Require Checkout for All document libraries in the site collection
Set-SPORequireCheckout $SiteCollURL $RequireCheckout

#Function to Disable Checkout Option for all libraries in a web
Function Disable-PnPRequireCheckout
{
    param
    (
        [parameter(Mandatory = $true, ValueFromPipeline = $True)]$Web
    )
      
    Try {
        Write-host "Processing Web:"$Web.URL -f Magenta
        Connect-PnPOnline -Url $Web.URL -Interactive

        #Array to exclude system libraries
        $SystemLibraries = @("Form Templates", "Pages", "Preservation Hold Library","Site Assets", "Site Pages", "Images",
                            "Site Collection Documents", "Site Collection Images","Style Library","Drop Off Library")
          
        $Libraries = Get-PnPList -Includes BaseType, Hidden, EnableVersioning -ErrorAction Stop
        #Get All document libraries
        $DocumentLibraries = $Libraries | Where {$_.BaseType -eq "DocumentLibrary" -and $_.Hidden -eq $False -and $_.Title -notin $SystemLibraries}
          
        #Disable Checkout
        ForEach($Library in $DocumentLibraries)
        {
            If($Library.ForceCheckout)
            {
                #Powershell to disable checkout for the library
                Set-PnPList -Identity $Library -ForceCheckout $false
                Write-host -f Green "`tRequire Check-out disabled on '$($Library.Title)'"
            }
            Else
            {
                Write-host -f Yellow "`tRequire Check Out is already set to 'No' at '$($Library.Title)'"
            }
        }
    }
    Catch {
        Write-host -f Red "`tError:" $_.Exception.Message
    }
}
   
#Parameters
$SiteURL = "https://crescent.sharepoint.com/sites/marketing"
 
#Connect to PnP Online
Connect-PnPOnline -URL $SiteURL -Interactive
 
#Call the function for each web
Get-PnPSubWeb -Recurse -IncludeRootWeb | ForEach-Object { Disable-PnPRequireCheckout $_ }