Bill Text: IL HB2801 | 2013-2014 | 98th General Assembly | Introduced

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Bill Title: Amends the Choice of Law and Forum Act. Makes a technical change in a Section concerning choice of law.

Sponsorship: Partisan Bill (Democrat 1)

Status: (Failed) 2014-12-03 - Session Sine Die [HB2801 Detail]

Download: Illinois-2013-HB2801-Introduced.html

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98TH GENERAL ASSEMBLY State of Illinois 2013 and 2014 HB2801 Introduced , by Rep. Elgie R. Sims, Jr. SYNOPSIS AS INTRODUCED:
735 ILCS 105/5-5
Amends the Choice of Law and Forum Act. Makes a technical change in a Section concerning choice of law.
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A BILL FOR
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AN ACT concerning civil law.
Be it enacted by the People of the State of Illinois,
represented in the General Assembly:
Section 5. The Choice of Law and Forum Act is amended by
changing Section 5-5 as follows:
(735 ILCS 105/5-5)
Sec. 5-5. Choice of law. The parties to any any contract,
agreement, or undertaking, contingent or otherwise, in
consideration of or relating to any obligation arising out of a
transaction covering in the aggregate not less than $250,000,
including a transaction otherwise covered by subsection (1) of
Section 1-105 of the Uniform Commercial Code, may agree that
the law of this State shall govern their rights and duties in
whole or in part, whether or not the contract, agreement, or
undertaking bears a reasonable relation to this State. This
Section shall not apply to any contract, agreement, or
undertaking (i) for labor or personal services, (ii) relating
to any transaction for personal, family, or household services,
or (iii) to the extent provided to the contrary in subsection
(2) of Section 1-105 of the Uniform Commercial Code. Nothing
contained in this Section shall be construed to limit or deny
the enforcement of any provision respecting choice of law in
any other contract, agreement, or undertaking.

HB2801 - 2 - LRB098 09688 HEP 39836 b
(Source: P.A. 90-421, eff. 1-1-98.)