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Illinois Compiled Statutes

810 ILCS 5/4-101 (2026)

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✓ current as of May 2026
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(810 ILCS 5/4-101) (from Ch. 26, par. 4-101)
    Sec. 4-101. Short title. This Article may be cited as Uniform Commercial Code--Bank Deposits and Collections.
(Source: P.A. 87-1135.)

    
Notes of Decisions
Cited in 4 cases, 2011–2013 · leading case: Newell v. Newell, 942 N.E.2d 776 (Ill. App. Ct. 2011).
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Newell v. Newell, 942 N.E.2d 776 (Ill. App. Ct. 2011). “810 ILCS 5/4-101 et seq. (West 2006). Section 4-111 of the UCC states: "An action to enforce an obligation, duty or right arising under this Article must be commenced within 3 years after the cause of action accrues.”
Dixon, Laukitis & Downing, P.C. v. Busey Bank, 2013 IL App (3d) 120832 (Ill. App. Ct. 2013). “It sets forth a bank’s general duty to exercise ordinary care and states that “action or non-action approved by this Article *** is the exercise of ordinary care and, in the absence of special instructions, action or non-action consistent *** with a general banking usage not…”
Newell v. Newell (Ill. App. Ct. 2011). “810 ILCS 5/4-101 et seq. (West 2006). Section 4-111 of the UCC states: "An action to enforce an obligation, duty or right arising under this Article must be commenced within 3 years after the cause of action accrues.”
Fairfield Nat'l Bank v. Chansler, 2013 IL App (5th) 110530 (Ill. App. Ct. 2013). “The legislature addressed such dilemmas by enacting the Uniform Commercial Code–Bank Deposits and Collections (810 ILCS 5/4-101 to 4-504 (West 2010)). ¶ 41 The Uniform Commercial Code instructs financial institutions, such as the interpleader, of their authority and…”
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