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 S. Tracy Securities Compliance Group Ltd

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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