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PEORIA S & L ASS'N v. JEFFERSON TR. & SAV. BK.

No. 52747.

81 Ill.2d 461 (1980)

410 N.E.2d 845

PEORIA SAVINGS AND LOAN ASSOCIATION, Appellee, v. JEFFERSON TRUST AND SAVINGS BANK OF PEORIA, Appellant.

Supreme Court of Illinois.

Opinion filed September 15, 1980.

Attorney(s) appearing for the Case

Davis & Morgan, of Peoria (Stephen D. Gay and Donan C. Kirley, of counsel), for appellant.

John P. Ewart and Gregory C. Ray, of Craig & Craig, of Mattoon, for appellee.

Judgments reversed.

MR. JUSTICE RYAN delivered the opinion of the court:

The defendant, Jefferson Trust and Savings Bank of Peoria (Jefferson), appeals a judgment entered in the circuit court of Peoria County for the plaintiff, Peoria Savings and Loan Association (Peoria Savings). The appellate court affirmed the judgment and we granted leave to appeal. Broadly stated, the issue is whether Jefferson became a holder in due course of a $70,000 check drawn by...

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