Bill Text: IL HB1006 | 2021-2022 | 102nd General Assembly | Introduced

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Bill Title: 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.

Spectrum: Partisan Bill (Democrat 1-0)

Status: (Introduced - Dead) 2021-04-23 - Rule 19(a) / Re-referred to Rules Committee [HB1006 Detail]

Download: Illinois-2021-HB1006-Introduced.html

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102ND GENERAL ASSEMBLY State of Illinois 2021 and 2022 HB1006 Introduced , 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
HB1006 LRB102 03019 KTG 13032 b
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.)