Legal Question in Business Law in Illinois

A past customer was three months in arrears for a storage contract. Could I have held is product when he demanded shipment for non payment?

Asked on 8/10/09, 11:35 am

1 Answer from Attorneys

Adam Tracy Securities Compliance Group Ltd
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Thank you for your question. Under the Illinois Storage Lien Law, you are in fact entitled to hold the product. In fact, after a period of time, you are allowed to even sell the product. There are a number of nuances to the law that you must follow, however. Feel free to contact me should you have any additional questions and for a free consultation. My email is:[email protected]

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Answered on 8/22/09, 3:30 pm

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