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770 ILCS 105/5.1

Second notice; publication; sale by toolmaker

Known as the Tool and Die Lien Act

The act spans §§ 770-105-0-01 to 770-105-6 (9 sections).

P.A. 94-615, eff. 1-1-06.

(A) Before a toolmaker may sell the special tool, the toolmaker shall provide a second written notification to the customer and processor, by registered mail, return receipt requested. The second notice shall include the following information: (1) the toolmaker's intention to sell the special tool; (2) a description of the special tool to be sold; (3) the time and place of the sale; and (4) an itemized statement for the amount due. (B) In addition to this notification by mail, the toolmaker shall publish in a newspaper of general circulation in the place where the special tool is being held for sale by the toolmaker, notice of the toolmaker's intention to sell the special tool. The notice shall include a description of the special tool and name of the customer and processor.

Official source: Illinois General Assembly. Reproduced from public-domain Illinois statutes; confirm against the official source for the current text. Not legal advice.