102ND GENERAL ASSEMBLY
State of Illinois
2021 and 2022
HB1006

 

Introduced 2/17/2021, by Rep. Emanuel Chris Welch

 

SYNOPSIS AS INTRODUCED:
 
815 ILCS 105/3  from Ch. 17, par. 601

    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.


LRB102 03019 KTG 13032 b

 

 

A BILL FOR

 

HB1006LRB102 03019 KTG 13032 b

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