|
|
Sen. Terry Link
Filed: 4/22/2005
|
|
09400HB0566sam001 |
|
LRB094 05756 LCB 45396 a |
|
|
| 1 |
| AMENDMENT TO HOUSE BILL 566
|
| 2 |
| AMENDMENT NO. ______. Amend House Bill 566 by replacing |
| 3 |
| everything after the enacting clause with the following:
|
| 4 |
| "Section 5. The Tool and Die Lien Act is amended by |
| 5 |
| changing Sections 1 and 2 as follows:
|
| 6 |
| (770 ILCS 105/1) (from Ch. 82, par. 351)
|
| 7 |
| Sec. 1. Lien. Plastic or metal processors or persons |
| 8 |
| conducting a
plastic or metal processing business shall have a |
| 9 |
| lien on the tools, dies,
molds, jigs, fixtures, forms or |
| 10 |
| patterns in their possession belonging to a
customer, for the |
| 11 |
| balance due them from such customer for plastic or metal
|
| 12 |
| processing work, and for all materials related to such work. |
| 13 |
| The processor
may retain possession of the tool, die, mold, |
| 14 |
| jig, fixture, form or pattern
until such balance is paid, |
| 15 |
| subject only to a security interest
properly perfected pursuant |
| 16 |
| to Article 9 of the Uniform Commercial
Code.
|
| 17 |
| (Source: P.A. 85-381.)
|
| 18 |
| (770 ILCS 105/2) (from Ch. 82, par. 352)
|
| 19 |
| Sec. 2. Definitions. For purposes of this Act:
|
| 20 |
| (A) The term "processor" means any individual or entity |
| 21 |
| including, but
not limited to, a tool or die maker, who |
| 22 |
| contracted with, or uses a tool,
die, mold, jig, fixture, form |
| 23 |
| or pattern to manufacture, assemble, or
otherwise make a |