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Illinois Compiled Statutes

720 ILCS 5/15-9 (2026)

Value

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(720 ILCS 5/15-9) (from Ch. 38, par. 15-9)
    Sec. 15-9. Value.
    As used in this Part C, the "value" of property consisting of any commercial instrument or any written instrument representing or embodying rights concerning anything of value, labor, or services or otherwise of value to the owner shall be:
    (a) The "market value" of such instrument if such instrument is negotiable and has a market value; and
    (b) The "actual value" of such instrument if such instrument is not negotiable or is otherwise without a market value. For the purpose of establishing such "actual value", the interest of any owner or owners entitled to part or all of the property represented by such instrument, by reason of such instrument, may be shown, even if another "owner" may be named in the complaint, information or indictment.
(Source: Laws 1967, p. 2849.)

    
Notes of Decisions
Cited in 1 case, 2020–2020 · leading case: People v. Farr, 2020 IL App (1st) 171514-U.
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People v. Farr, 2020 IL App (1st) 171514-U. · cites it 2× “t complains on appeal that the only evidence of the value of the 106th property was Riney’s opinion the property was worth $190,000 in 2012 and the property sold after June 30, 2015; Riney did not testify how the value in 2012 related to the value in 2015; she did not testify…”
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