D. Nelsen & Sons, Inc. v. General American Development Corp.

Mr. PRESIDING JUSTICE McGLOON

delivered the opinion of the court:

This is an interlocutory appeal from an order of the Circuit Court refusing to grant a temporary injunction upon the petition of plaintiffs. The injunction was sought to keep certain funds, located in Illinois and represented by a non-negotiable certificate of deposit, from passing out of this state to the First California Company, the out-of-state assignee of the certificate of deposit. Plaintiffs argue that under either the Uniform Commercial Code or the common law of Illinois they have asserted a prima facie claim or right to…