ILCS » Chapter 810 · Act 5
Illinois Compiled Statutes

810 ILCS 5/4-111 (2026)

Statute of limitations

✓ current as of May 2026
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(810 ILCS 5/4-111) (from Ch. 26, par. 4-111)
    Sec. 4-111. Statute of limitations. 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.
(Source: P.A. 87-582.)


 
    (810 ILCS 5/Art. 4 Pt. 2 heading)
PART 2. COLLECTION OF ITEMS: DEPOSITARY AND COLLECTING BANKS

    
Notes of Decisions
Cited in 8 cases, 1998–2016 · leading case: PSI Resources, LLC v. MB Fin. Bank, 2016 IL App (1st) 152204 (Ill. App. Ct. 2016).
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PSI Resources, LLC v. MB Fin. Bank, 2016 IL App (1st) 152204 (Ill. App. Ct. 2016). · cites it 5× “OPINION ¶1 This appeal arises from plaintiff PSI Resources, LLC’s breach of contract action against defendant MB Financial Bank, National Association, which the circuit court below dismissed as time-barred under the three-year statute of limitations prescribed in section 4-111…”
Newell v. Newell, 942 N.E.2d 776 (Ill. App. Ct. 2011). · cites it 5× “The trial court ruled that Jarred's complaint was barred by the three-year statute of limitations in section 4-111 of the Uniform Commercial Code, Bank Deposits and Collections (UCC) (810 ILCS 5/4-111 (West 2006)) and granted FMB's motion for summary judgment.”
Aliaga Med. Ctr., S.C. v. Harris Bank N.A., 2014 IL App (1st) 133645 (Ill. App. Ct. 2014). “¶ 27 Aliaga claims that the parties’ agreement is procedurally unconscionable and that the three-year limitations period set forth in section 4-111 of the UCC should apply instead of the agreement’s one-year period.”
Aliaga Med. Ctr., S.C. v. Harris Bank N.A., 2014 IL App (1st) 133645 (Ill. App. Ct. 2015). “810 ILCS 5/4-111 (West 2012). The appellate court has explained what constitutes unconscionability: “Unconscionability has two components: procedural and substantive.”
Cont'l Cas. Co. v. Am. Nat'l Bank & Trust Co. (Ill. App. Ct. 2002). · cites it 4× “On August 27, 1999, the trial court dismissed GAI’s seventh complaint with prejudice based on the three-year limitations period found in section 4-111 of the Illinois Uniform Commercial Code (UCC) (810 ILCS 5/4-111 (West 1996)) and on the loss allocation rule in section 3-404(b)…”
Newell v. Newell (Ill. App. Ct. 2011). · cites it 2× “The trial court ruled that Jarred’s complaint was barred by the three-year statute of limitations in section 4-111 of the Uniform Commercial Code, Bank Deposits and Collections (UCC) (810 ILCS 5/4-111 (West 2006)) and granted FMB’s motion for summary judgment.”
Cont'l Cas. Co. v. Am. Nat'l Bank & Trust Co. of Chicago (Ill. App. Ct. 2008). “Since there is a question of material fact regarding whether MCW's and ANB's respective liability arises out of the same injury to GAI, and whether the Contribution Act applies to bar plaintiff's causes of action against ANB, we reverse the grant of summary judgment in favor of…”
Euro Motors Inc. v. Sw. Fin. Bank & Trust Co. (Ill. App. Ct. 1998). “The one-year time period at issue in section 4-406(f) is not a statute of limitations; it does not give a customer a year to bring suit.”
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