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| | 100TH GENERAL ASSEMBLY
State of Illinois
2017 and 2018
HB1562 Introduced , by Rep. Michael J. Madigan 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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| | HB1562 | | LRB100 03436 JLS 13441 b |
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| 1 | | AN ACT concerning business.
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| 2 | | Be it enacted by the People of the State of Illinois, |
| 3 | | represented in the General Assembly:
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| 4 | | Section 5. The Promissory Note and Bank Holiday Act is |
| 5 | | amended by changing Section 3 as follows:
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| 6 | | (815 ILCS 105/3) (from Ch. 17, par. 601)
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| 7 | | Sec. 3.
All promissory notes, bonds, due bills and
and |
| 8 | | other
instruments in writing, made or to be made, by any |
| 9 | | person,
body politic or corporate, whereby such person promises |
| 10 | | or
agrees to pay any sum of money or articles of personal |
| 11 | | property,
or any sum of money in personal property, or |
| 12 | | acknowledges any
sum of money or article of personal property |
| 13 | | to be due to any
other person, shall be taken to be due and |
| 14 | | payable, and the sum
of money or article of personal property |
| 15 | | therein mentioned shall,
by virtue thereof, be due and payable |
| 16 | | as therein expressed. |
| 17 | | (Source: R.S. 1874, p. 718.)
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