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MIDAMERICA BANK v. CHARTER ONE BANK

No. 106804.

905 N.E.2d 839 (2009)

232 Ill.2d 560

329 Ill.Dec. 1

MIDAMERICA BANK, FSB, Appellant, v. CHARTER ONE BANK, FSB, et al., Appellees.

Supreme Court of Illinois.

March 19, 2009.

Attorney(s) appearing for the Case

Patrick J. Williams, Vincent C. Mancini, of Ekl Williams, PLLC, Lisle, for appellant.

Richard J. Nogal, Christopher J. Novak, of Goldstine, Skrodzki, Russian, Nemec and Hoff, Ltd., Burr Ridge, for appellees.

OPINION

Justice KILBRIDE delivered the judgment of the court, with opinion:

In this appeal, we consider: (1) whether a bank may issue a stop-payment order on a cashier's check under the Illinois Uniform Commercial Code (810 ILCS 5/1-101 et seq. (West 2002)); and (2) whether the circuit court of Du Page County erred in denying MidAmerica loss of interest and attorney fee expenses under the UCC. The circuit court held that a cashier's check is the equivalent...

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