(810 ILCS 5/3-505) (from Ch. 26, par. 3-505)
Sec. 3-505.
Evidence of dishonor.
(a) The following are admissible as evidence and create a presumption of
dishonor and of any notice of dishonor stated:
(1) a document regular in form as provided in |
| subsection (b) which purports to be a protest;
|
|
(2) a purported stamp or writing of the drawee, payor
|
| bank, or presenting bank on or accompanying the instrument stating that acceptance or payment has been refused unless reasons for the refusal are stated and the reasons are not consistent with dishonor;
|
|
(3) a book or record of the drawee, payor bank, or
|
| collecting bank, kept in the usual course of business which shows dishonor, even if there is no evidence of who made the entry.
|
|
(b) A protest is a certificate of dishonor made by a United States
consul or vice consul, or a notary public or other person authorized to
administer oaths by the law of the place where dishonor occurs. It may be
made upon information satisfactory to that person. The protest must
identify the instrument and certify either that presentment has been made
or, if not made, the reason why it was not made, and that the instrument has
been dishonored by nonacceptance or nonpayment. The protest may also
certify that notice of dishonor has been given to some or all parties.
(Source: P.A. 87-582; 87-1135.)
|