First District rules on property of multiple payee endorsement
By David J. Dubicki
Commercial Banking, Collections, and Bankruptcy,
April 1999
In Meng v. Maywood Proviso State Bank, 234 Ill.Dec. 92, 702 N.E.2d 258 (1st Dist. 1998), the Illinois Appellate Court analyzed, for the first time, 3-110(d) of the Uniform Commercial Code (code) (810 ILCS 5/3-110(d)) (effective January 1, 1992) which applies to instruments payable to two or more persons
Spot an error in your article? Contact Celeste Niemann at cniemann@isba.org. For information on obtaining a copy of an article, visit the ISBA Newsletters page.
Select a Different Author
