Illinois Statutes
§ 10.100 — Realized value
Illinois § 10.100
JurisdictionIllinois
TopicBUSINESS AND EMPLOYMENT
Ch. 815BUSINESS TRANSACTIONS
Act 815 ILCS 636/Motor Vehicle Leasing Act.
This text of Illinois § 10.100 (Realized value) is published on Counsel Stack Legal Research, covering Illinois primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.
Bluebook
815 Ill. Comp. Stat. 10.100 (2026).
Text
The greater of (a) the price received by the lessor for disposition of the vehicle, after subtracting all actual and reasonable expenses of sale or (b) insurance proceeds in the event of the total loss or destruction of the vehicle or (c) the highest bona fide offer received by the holder for disposition of the vehicle. However, if the lessor and the lessee agree upon the realized value, the agreed upon amount shall be the realized value. The vehicle's realized value may be determined in the customary wholesale market at the time of disposition of the vehicle.
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Legislative History
(Source: P.A. 89-625, eff. 1-1-97.)
Nearby Sections
15
§ 10-1
Short title§ 10-100
Immunity for official acts§ 10-105
Scope of the Act§ 10-110
§ 10-110§ 10-115
Business broker lien§ 10-125
Service of process§ 10-20
Renewal of registration§ 10-25
Fees and funds§ 10-35
§ 10-35§ 10-40
§ 10-40§ 10-45
§ 10-45Cite This Page — Counsel Stack
Bluebook (online)
Illinois § 10.100, Counsel Stack Legal Research, https://law.counselstack.com/statute/il/815/10.100.