Bill Text: IL HB1276 | 2015-2016 | 99th 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) 2015-04-24 - Rule 19(a) / Re-referred to Rules Committee [HB1276 Detail]

Download: Illinois-2015-HB1276-Introduced.html

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99TH GENERAL ASSEMBLY State of Illinois 2015 and 2016 HB1276 Introduced , by Rep. Michael J. Madigan 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.
LRB099 05124 JLS 25153 b
A BILL FOR
HB1276 LRB099 05124 JLS 25153 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.)