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96TH GENERAL ASSEMBLY
State of Illinois
2009 and 2010
SB1116
Introduced 2/6/2009, by Sen. John J. Cullerton SYNOPSIS AS INTRODUCED:
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815 ILCS 105/3 |
from Ch. 17, par. 601 |
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Amends the Promissory Note and Bank Holiday Act. Makes a technical change in
a Section concerning written instruments expressing a promise to pay
or
confirming an obligation.
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A BILL FOR
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SB1116 |
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LRB096 07195 KTG 17281 b |
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| AN ACT concerning business.
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| Be it enacted by the People of the State of Illinois, |
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| represented in the General Assembly:
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| Section 5. The Promissory Note and Bank Holiday Act is |
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| amended by changing Section 3 as follows:
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| (815 ILCS 105/3) (from Ch. 17, par. 601)
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| Sec. 3.
All promissory notes, bonds, due bills and
and |
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| other
instruments in writing, made or to be made, by any |
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| person,
body politic or corporate, whereby such person promises |
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| or
agrees to pay any sum of money or articles of personal |
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| property,
or any sum of money in personal property, or |
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| acknowledges any
sum of money or article of personal property |
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| to be due to any
other person, shall be taken to be due and |
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| payable, and the sum
of money or article of personal property |
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| therein mentioned shall,
by virtue thereof, be due and payable |
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| as therein expressed. |
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| (Source: R.S. 1874, p. 718.)
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