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· 7/12/2011

Asset Exchange II. LLC v. First Choice Bank

Citations

  • 2011 IL App (1st) 103718
  • 953 N.E.2d 446

How courts have described this case

Verbatim parenthetical descriptions written by other courts when citing this decision. Ranked by citation-network relevance.

  • “[T]he Illinois Interest Act excludes from its coverage loans to corporations…Computer Sales Corp. v. Rousonelos Farms, Inc., 190 Ill. App. 3d 388, 392, 546 N.E.2d 761, 137 Ill. Dec. 816 (1989
  • “There is no dispute here that [LLC] plaintiff is a corporation within the meaning of the Illinois Interest Act, and thus the Act does not apply to plaintiff’s loan agreement with the Bank.”

Source: CourtListener parenthetical corpus (CC0).

Read full opinion on CourtListener

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This is legal information, not legal advice. Laws vary by jurisdiction and change frequently. Always verify current law with official sources and consult a licensed attorney in your jurisdiction for advice on your specific situation.