Illinois Code § 815 ILCS 105/5

Any assignee to whom such sum of money or personal property is,
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by such indorsement or indorsements, made payable, or in case of the death
of such assignee, his executor or administrator, may, in his own name,
institute and maintain the same kind of action for the recovery thereof,
against the person who made and executed any such note, bond, bill or other
instrument in writing, or against his heirs, executors or administrators,
as might have been maintained against him by the obligee or payee, in case
the same had not been assigned; and in every such action, in which judgment
shall be given for the plaintiff, he shall recover his damages and costs of
suit, as in other cases.

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