96TH GENERAL ASSEMBLY
State of Illinois
2009 and 2010
SB3631

 

Introduced 2/11/2010, by Sen. Kirk W. Dillard

 

SYNOPSIS AS INTRODUCED:
 
735 ILCS 5/2-1306 new

    Amends the Code of Civil Procedure by adding a new Section. Provides that in civil litigation under any legal theory, execution of the judgment shall be stayed during appellate review upon the posting of a supersedeas bond set in accordance with law or court rules, except that the total supersedeas bond that is required of all appellants collectively shall not exceed $150,000,000, regardless of the judgment amount. Provides that if an appellee proves that an appellant is dissipating assets outside the ordinary course of business to avoid payment of a judgment, a court may require the appellant to post a supersedeas bond in an amount up to the total judgment amount. Effective immediately.


LRB096 20580 AJO 36278 b

 

 

A BILL FOR

 

SB3631 LRB096 20580 AJO 36278 b

1     AN ACT concerning civil law.
 
2     Be it enacted by the People of the State of Illinois,
3 represented in the General Assembly:
 
4     Section 5. The Code of Civil Procedure is amended by adding
5 Section 2-1306 as follows:
 
6     (735 ILCS 5/2-1306 new)
7     Sec. 2-1306. Supersedeas bonds.
8     (a) In civil litigation under any legal theory, execution
9 of the judgment shall be stayed during the entire course of
10 appellate review upon the posting of a supersedeas bond set in
11 accordance with applicable laws or court rules, except that the
12 total supersedeas bond that is required of all appellants
13 collectively shall not exceed $150,000,000, regardless of the
14 amount of the judgment.
15     (b) Notwithstanding subsection (a) of this Section, if an
16 appellee proves by a preponderance of the evidence that an
17 appellant is dissipating assets outside the ordinary course of
18 business to avoid payment of a judgment, a court may require
19 the appellant to post a supersedeas bond in an amount up to the
20 total amount of the judgment.
 
21     Section 99. Effective date. This Act takes effect upon
22 becoming law.