HB1266 99TH GENERAL ASSEMBLY

LRB099 05119 JLS 25148 b

99TH GENERAL ASSEMBLY
State of Illinois
2015 and 2016
HB1266

Introduced , by Rep. Michael J. Madigan

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being a general Act intended as a unified coverage of its subject matter, no part of it shall be deemed to be impliedly repealed by subsequent legislation if such construction can reasonably be avoided.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.)