Legal Opinion
Midland States Life Insurance v. Hamideh
Appellate Court of Illinois
Decided December 29, 1999No. 1-98-4617PublishedCited by 9 opinions
1Opinion of the CourtJustice Wolfson
The question in this case is whether an Illinois State Lottery winner can pledge as collateral for a loan her right to receive payments of her winnings. In this case of first impression, we hold she cannot. We agree with the trial court that her pledge of lottery payments was an invalid assignment pursuant to section 13 of the Illinois Lottery Law (20 ILCS 1605/13 (West 1996)).
FACTS
On August 10, 1996, Abla Hamideh (Hamideh) entered into a loan agreement with Elantra Consulting Co. (Elantra). According to the promissory note, Hamideh received $102,800 in exchange for a promise to pay Elantra…
2Cases cited5 opinions
- Walker v. RogersAppellate Court of Illinois · 1995
- Converse v. Lottery CommissionCourt of Appeals of Washington · 1989
- McCabe v. Director NJ Lottery CommissionNew Jersey Superior Court Appellate Division · 1976
- Lotto Jackpot Prize of December 3, 1982 Won by MarianovSupreme Court of Pennsylvania · 1993
- Wolf v. BrachAppellate Division of the Supreme Court of the State of New York · 1997
3Cited by9 opinions
- In Re NitzAppellate Court of Illinois · 2000
- Singer Asset Finance Co. v. BachusAppellate Division of the Supreme Court of the State of New York · 2002
- Midland States Life Insurance v. CardilloMassachusetts Appeals Court · 2003
- In Re FradenUnited States Bankruptcy Court, D. Massachusetts · 2004
- Koonce v. McDonald (In Re Koonce)United States Bankruptcy Court, D. Nevada · 2001
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