Illinois Compiled Statutes 810 ILCS 5/4-111 – Statute of limitations
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Terms Used In Illinois Compiled Statutes 810 ILCS 5/4-111
- Obligation: An order placed, contract awarded, service received, or similar transaction during a given period that will require payments during the same or a future period.
An action to enforce an obligation, duty or right arising under this Article must be commenced within 3 years after the cause of action accrues.