Bill Text: IL SB0386 | 2019-2020 | 101st General Assembly | Introduced
Bill Title: Amends the Uniform Commercial Code. Makes a technical change in a Section concerning the scope of Article 1 of the Code.
Spectrum: Partisan Bill (Democrat 1-0)
Status: (Failed) 2021-01-13 - Session Sine Die [SB0386 Detail]
Download: Illinois-2019-SB0386-Introduced.html
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1 | AN ACT concerning business.
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2 | Be it enacted by the People of the State of Illinois, | |||||||||||||||||||
3 | represented in the General Assembly:
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4 | Section 5. The Uniform Commercial Code is amended by | |||||||||||||||||||
5 | changing Section 1-102 as follows:
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6 | (810 ILCS 5/1-102) (from Ch. 26, par. 1-102)
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7 | Sec. 1-102. Scope of Article.
This Article applies to a | |||||||||||||||||||
8 | transaction to the
the extent that it is governed by another | |||||||||||||||||||
9 | Article of the Uniform Commercial Code.
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10 | (Source: P.A. 95-895, eff. 1-1-09.)
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