Illinois Compiled Statutes 720 ILCS 5/15-9 – Value
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As used in this Part C, the “value” of property consisting of any commercial instrument or any written instrument representing or embodying rights concerning anything of value, labor, or services or otherwise of value to the owner shall be:
(a) The “market value” of such instrument if such instrument is negotiable and has a market value; and
(b) The “actual value” of such instrument if such instrument is not negotiable or is otherwise without a market value. For the purpose of establishing such “actual value”, the interest of any owner or owners entitled to part or all of the property represented by such instrument, by reason of such instrument, may be shown, even if another “owner” may be named in the complaint, information or indictment.
(a) The “market value” of such instrument if such instrument is negotiable and has a market value; and
Terms Used In Illinois Compiled Statutes 720 ILCS 5/15-9
- Complaint: A written statement by the plaintiff stating the wrongs allegedly committed by the defendant.
- Indictment: The formal charge issued by a grand jury stating that there is enough evidence that the defendant committed the crime to justify having a trial; it is used primarily for felonies.
- owner: means a person, other than the offender, who has possession of or any other interest in the property involved, even though such interest or possession is unlawful, and without whose consent the offender has no authority to exert control over the property. See Illinois Compiled Statutes 720 ILCS 5/15-2
- property: means anything of value. See Illinois Compiled Statutes 720 ILCS 5/15-1
(b) The “actual value” of such instrument if such instrument is not negotiable or is otherwise without a market value. For the purpose of establishing such “actual value”, the interest of any owner or owners entitled to part or all of the property represented by such instrument, by reason of such instrument, may be shown, even if another “owner” may be named in the complaint, information or indictment.