Bill Text: IL SB2775 | 2009-2010 | 96th General Assembly | Introduced

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Bill Title: Amends the Uniform Commercial Code. Makes a technical change in a Section concerning the subject matter of the Negotiable Instruments Article.

Spectrum: Partisan Bill (Democrat 1-0)

Status: (Introduced - Dead) 2010-06-27 - Pursuant to Senate Rule 3-9(b) / Referred to Assignments [SB2775 Detail]

Download: Illinois-2009-SB2775-Introduced.html

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96TH GENERAL ASSEMBLY State of Illinois 2009 and 2010 SB2775 Introduced 1/28/2010, by Sen. John J. Cullerton SYNOPSIS AS INTRODUCED:
810 ILCS 5/3-102 from Ch. 26, par. 3-102
Amends the Uniform Commercial Code. Makes a technical change in a Section concerning the subject matter of the Negotiable Instruments Article.
LRB096 17301 DRJ 32651 b
A BILL FOR
SB2775 LRB096 17301 DRJ 32651 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 3-102 as follows:
(810 ILCS 5/3-102) (from Ch. 26, par. 3-102)
Sec. 3-102. Subject matter.
(a) This Article applies to negotiable instruments. It does
not apply to money, to payment orders governed by Article 4A,
or to securities governed by Article 8.
(b) If there is conflict between this Article and and
Article 4 or 9, Articles 4 and 9 govern.
(c) Regulations of the Board of Governors of the Federal
Reserve System and operating circulars of the Federal Reserve
Banks supersede any inconsistent provision of this Article to
the extent of the inconsistency.
(Source: P.A. 87-582; 87-1135.)