|
| | 98TH GENERAL ASSEMBLY
State of Illinois
2013 and 2014
HB2801 Introduced , by Rep. Elgie R. Sims, Jr. SYNOPSIS AS INTRODUCED:
|
| |
Amends the Choice of Law and Forum Act. Makes a technical change in a Section concerning choice of law.
|
| |
| | A BILL FOR |
|
|
| | HB2801 | | LRB098 09688 HEP 39836 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 Choice of Law and Forum Act is amended by |
| 5 | | changing Section 5-5 as follows:
|
| 6 | | (735 ILCS 105/5-5)
|
| 7 | | Sec. 5-5. Choice of law. The parties to any any contract, |
| 8 | | agreement, or
undertaking, contingent or otherwise, in |
| 9 | | consideration of or relating to any
obligation arising out of a |
| 10 | | transaction covering in the aggregate not less than
$250,000, |
| 11 | | including a transaction otherwise covered by subsection (1) of
|
| 12 | | Section
1-105 of the Uniform Commercial Code, may agree that |
| 13 | | the law of this State
shall
govern their rights and duties in |
| 14 | | whole or in part, whether or not the
contract, agreement, or |
| 15 | | undertaking bears a reasonable relation to this State.
This |
| 16 | | Section shall not apply to any contract, agreement, or |
| 17 | | undertaking (i) for
labor
or personal services, (ii) relating |
| 18 | | to any transaction for personal, family, or
household services, |
| 19 | | or (iii) to the extent provided to the contrary in
subsection
|
| 20 | | (2) of Section 1-105 of the Uniform Commercial Code. Nothing |
| 21 | | contained in this
Section shall be construed to limit or deny |
| 22 | | the enforcement of any provision
respecting choice of law in |
| 23 | | any other contract, agreement, or undertaking.
|