Bill Text: IL HB2801 | 2013-2014 | 98th General Assembly | Introduced
Bill Title: Amends the Choice of Law and Forum Act. Makes a technical change in a Section concerning choice of law.
Spectrum: Partisan Bill (Democrat 1-0)
Status: (Failed) 2014-12-03 - Session Sine Die [HB2801 Detail]
Download: Illinois-2013-HB2801-Introduced.html
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1 | AN ACT concerning civil law.
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2 | Be it enacted by the People of the State of Illinois,
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3 | represented in the General Assembly:
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4 | Section 5. The Choice of Law and Forum Act is amended by | |||||||||||||||||||
5 | changing Section 5-5 as follows:
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6 | (735 ILCS 105/5-5)
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7 | Sec. 5-5. Choice of law. The parties to any any contract, | |||||||||||||||||||
8 | agreement, or
undertaking, contingent or otherwise, in | |||||||||||||||||||
9 | consideration of or relating to any
obligation arising out of a | |||||||||||||||||||
10 | transaction covering in the aggregate not less than
$250,000, | |||||||||||||||||||
11 | including a transaction otherwise covered by subsection (1) of
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12 | Section
1-105 of the Uniform Commercial Code, may agree that | |||||||||||||||||||
13 | the law of this State
shall
govern their rights and duties in | |||||||||||||||||||
14 | whole or in part, whether or not the
contract, agreement, or | |||||||||||||||||||
15 | undertaking bears a reasonable relation to this State.
This | |||||||||||||||||||
16 | Section shall not apply to any contract, agreement, or | |||||||||||||||||||
17 | undertaking (i) for
labor
or personal services, (ii) relating | |||||||||||||||||||
18 | to any transaction for personal, family, or
household services, | |||||||||||||||||||
19 | or (iii) to the extent provided to the contrary in
subsection
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20 | (2) of Section 1-105 of the Uniform Commercial Code. Nothing | |||||||||||||||||||
21 | contained in this
Section shall be construed to limit or deny | |||||||||||||||||||
22 | the enforcement of any provision
respecting choice of law in | |||||||||||||||||||
23 | any other contract, agreement, or undertaking.
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1 | (Source: P.A. 90-421, eff. 1-1-98.)
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