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Expert Analysis

Bidding Farewell To Restrictive Legends On Checks

Law360, New York (February 13, 2015, 10:45 AM EST) -- A recently published decision of the Illinois Court of Appeals regarding check processing scores an important victory for banks. In Aliaga Medical Center SC v. Harris Bank NA, 2014 IL App (1st) 133645, the First District of the Illinois Court of Appeals upheld the circuit court's dismissal of the plaintiff medical center's claim that the defendant bank improperly honored its check, which bore a notation that it was "Void After 90 Days." This decision is important for a number of reasons:...

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