810 ILCS 5/3-312
2021 Illinois Compiled Statutes|Chapter 810 - COMMERCIAL CODE|810 ILCS 5/ - Uniform Commercial Code.|Article 3 - Negotiable Instruments

 (from Ch. 26, par. 3-312)Sec. 3-312.         Lost, destroyed, or stolen cashier's check, teller's  check, or certified check.(a) In this Section:(1) "Check" means a cashier's check, teller's check,     or certified check.(2) "Claimant" means a person who claims the right to     receive the amount of a cashier's check, teller's check, or certified check that was lost, destroyed, or stolen.(3) "Declaration of loss" means a written statement,     made under penalty of perjury, to the effect that (i) the declarer lost possession of a check, (ii) the declarer is the drawer or payee of the check, in the case of a certified check, or the remitter or payee of the check, in the case of a cashier's check or teller's check, (iii) the loss of possession was not the result of a transfer by the declarer of a lawful seizure, and (iv) the declarer cannot reasonably obtain possession of the check because the check was destroyed, its whereabouts cannot be determined, or it is in the wrongful possession of an unknown person or a person that cannot be found or is not amenable to service of process.(4) "Obligated bank" means the issuer of a cashier's     check or teller's check or the acceptor of a certified check.(b) A claimant may assert a claim to the amount of a check by a  communication to the obligated bank describing the check with reasonable  certainty and requesting payment of the amount of the check, if (i) the  claimant is the drawer or payee of a certified check or the remitter or  payee of a cashier's check or teller's check, (ii) the communication  contains or is accompanied by a declaration of loss of the claimant with  respect to the check, (iii) the communication is received at a time and in  a manner affording the bank a reasonable time to act on it before the check  is paid, and (iv) the claimant provides reasonable identification if  requested by the obligated bank.  Delivery of a declaration  of loss is a warranty of the truth of the statements made in the  declaration.  If a claim is asserted in compliance with this subsection, the  following rules apply:(1) The claim becomes enforceable at the later of (i)     the time the claim is asserted, or (ii) the 90th day following the date of the check, in the case of a cashier's check or teller's check, or the 90th day following the date of the acceptance, in the case of a certified check.(2) Until the claim becomes enforceable, it has no     legal effect and the obligated bank may pay the check or, in the case of a teller's check, may permit the drawee to pay the check.  Payment to a person entitled to enforce the check discharges all liability of the obligated bank with respect to the check.(3) If the claim becomes enforceable before the check     is presented for payment, the obligated bank is not obliged to pay the check.(4) When the claim becomes enforceable, the obligated     bank becomes obliged to pay the amount of the check to the claimant if payment of the check has not been made to a person entitled to enforce the check.  Subject to Section 4-302(a)(1), payment to the claimant discharges all liability of the obligated bank with respect to the check.(c) If the obligated bank pays the amount of a check to a claimant under  subsection (b)(4) and the check is presented for payment by a person having  rights of a holder in due course, the claimant is obliged to (i) refund the  payment to the obligated bank if the check is paid, or (ii) pay the amount  of the check to the person having rights of a holder in due course if the  check is dishonored.(d) If a claimant has the right to assert a claim under subsection (b)  and is also a person entitled to enforce a cashier's check, teller's check,  or certified check that is lost, destroyed, or stolen, the claimant may  assert rights with respect to the check either under this Section or  Section 3-309.    (Source: P.A. 87-582; 87-895; 87-1135.)