SB0387 101ST GENERAL ASSEMBLY

LRB101 04148 JLS 49156 b

101ST GENERAL ASSEMBLY
State of Illinois
2019 and 2020
SB0387

Introduced 1/31/2019, by Sen. John J. Cullerton

SYNOPSIS AS INTRODUCED:

810 ILCS 5/1-104

from Ch. 26, par. 1-104

Amends the Uniform Commercial Code. Makes a technical change in a Section concerning the implied repeal of the Act.

A BILL FOR

AN ACT concerning business.

Be it enacted by the People of the State of Illinois, represented in the General Assembly:

Section 5. The Uniform Commercial Code is amended by changing Section 1-104 as follows:

(810 ILCS 5/1-104) (from Ch. 26, par. 1-104)

Sec. 1-104. Construction against implied repeal. The The Uniform Commercial Code being a general Act intended as a unified coverage of its subject matter, no part of it shall be deemed to be impliedly repealed by subsequent legislation if such construction can reasonably be avoided.

(Source: P.A. 95-895, eff. 1-1-09.)