Illinois General Assembly - Bill Status for HB4135
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 Bill Status of HB4135  96th General Assembly


Short Description:  SURETIES-PRIMARY LIABILITIES

House Sponsors
Rep. Chapin Rose

Last Action
DateChamber Action
  3/26/2009HouseTabled By Sponsor Rep. Chapin Rose

Statutes Amended In Order of Appearance
740 ILCS 155/0.05 new


Synopsis As Introduced
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.

Actions 
DateChamber Action
  2/27/2009HouseFiled with the Clerk by Rep. Chapin Rose
  2/27/2009HouseFirst Reading
  2/27/2009HouseReferred to Rules Committee
  3/4/2009HouseAssigned to Judiciary I - Civil Law Committee
  3/11/2009HouseMotion Filed - Table Bill/Resolution Pursuant to Rule 60(b), Rep. Chapin Rose
  3/13/2009HouseRule 19(a) / Re-referred to Rules Committee
  3/26/2009HouseMotion Prevailed by Voice Vote
  3/26/2009HouseTabled By Sponsor Rep. Chapin Rose

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