Illinois House Bill 4135 (Prior Session Legislation)

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Spectrum: Partisan Bill (Republican 1-0)
Status: Introduced on February 27 2009 - 25% progression, died in chamber
Action: 2009-03-26 - Tabled By Sponsor Rep. Chapin Rose
Text: Latest bill text (Introduced) [HTML]

Amends the Sureties Act. Provides that the Act applies to sureties who share primary liabilities with their principals on promissory notes or performance or other contracts and whose primary liabilities originate from the contracts of their principals. Provides that the Act does not apply to guarantors of payment or guarantors of collection who undertake obligations to pay creditors of principal debtors, but whose obligations are not primary liabilities or are otherwise created by contracts that are separate from the contractual obligations of the principals. Effective immediately.

SURETIES-PRIMARY LIABILITIES

Sen. Chapin Rose [R]

Date	Chamber	Action
2009-03-26		Tabled By Sponsor Rep. Chapin Rose
2009-03-26		Motion Prevailed by Voice Vote
2009-03-13		Rule 19(a) / Re-referred to Rules Committee
2009-03-11		Motion Filed - Table Bill/Resolution Pursuant to Rule 60(b), Rep. Chapin Rose
2009-03-04		Assigned to Judiciary I - Civil Law Committee
2009-02-27		Referred to Rules Committee
2009-02-27		First Reading
2009-02-27		Filed with the Clerk by Rep. Chapin Rose

Type	Source
Summary	https://www.ilga.gov/legislation/BillStatus.asp?DocNum=4135&GAID=10&DocTypeID=HB&SessionID=76&GA=96
Text	https://www.ilga.gov/legislation/96/HB/09600HB4135.htm