(815 ILCS 105/11) (from Ch. 17, par. 612)
Sec. 11.
If any such note, bond, bill or other instrument in writing shall
be indorsed after the same becomes due, and any indorsee shall institute an
action thereon against the maker of the same, the defendant being maker
shall be allowed to set up the same defense that he might have done had the
action been instituted in the name and for the use of the person to whom
such instrument was originally made payable, or any intermediate holder.
(Source: Laws 1895, p. 262.)
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