Illinois General Assembly - Illinois Compiled Statutes

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Because the statute database is maintained primarily for legislative drafting purposes, statutory changes are sometimes included in the statute database before they take effect. If the source note at the end of a Section of the statutes includes a Public Act that has not yet taken effect, the version of the law that is currently in effect may have already been removed from the database and you should refer to that Public Act to see the changes made to the current law.

770 ILCS 50/2

(770 ILCS 50/2) (from Ch. 82, par. 47b)

Sec. 2.

Unless the chattel is redeemed within 90 days of the completion of
the expenditure of such labor, services, skill, or material or furnishing
of storage, or within 90 days of the date agreed upon for redemption, the
lien may be enforced by a commercially reasonable public or private sale
conducted so as to maximize the net proceeds of said sale as hereinafter provided.

(Source: P.A. 85-1283.)