HB1006 102ND GENERAL ASSEMBLY

LRB102 03019 KTG 13032 b

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.

A BILL FOR

AN ACT concerning business.

Be it enacted by the People of the State of Illinois, represented in the General Assembly:

Section 5. The Promissory Note and Bank Holiday Act is amended by changing Section 3 as follows:

(815 ILCS 105/3) (from Ch. 17, par. 601)

Sec. 3. All promissory notes, bonds, due bills and and other instruments in writing, made or to be made, by any person, body politic or corporate, whereby such person promises or agrees to pay any sum of money or articles of personal property, or any sum of money in personal property, or acknowledges any sum of money or article of personal property to be due to any other person, shall be taken to be due and payable, and the sum of money or article of personal property therein mentioned shall, by virtue thereof, be due and payable as therein expressed.

(Source: R.S. 1874, p. 718.)