Bill Text: IL SB1651 | 2015-2016 | 99th General Assembly | Introduced

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

Spectrum: Partisan Bill (Democrat 1-0)

Status: (Introduced - Dead) 2015-02-20 - Referred to Assignments [SB1651 Detail]

Download: Illinois-2015-SB1651-Introduced.html

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99TH GENERAL ASSEMBLY State of Illinois 2015 and 2016 SB1651 Introduced 2/20/2015, by Sen. Steve Stadelman 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.
LRB099 08566 JLS 28725 b
A BILL FOR
SB1651 LRB099 08566 JLS 28725 b
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deemed to be impliedly repealed by subsequent legislation if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.)