HB1267 99TH GENERAL ASSEMBLY

LRB099 05118 JLS 25147 b

99TH GENERAL ASSEMBLY
State of Illinois
2015 and 2016
HB1267

Introduced , by Rep. Michael J. Madigan

SYNOPSIS AS INTRODUCED:

810 ILCS 5/1-102

from Ch. 26, par. 1-102

Amends the Uniform Commercial Code. Makes a technical change in a Section concerning the scope of Article 1 of the Code.

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 1-102 as follows:

(810 ILCS 5/1-102) (from Ch. 26, par. 1-102)

Sec. 1-102. Scope of Article. This Article applies to a transaction to the the extent that it is governed by another Article of the Uniform Commercial Code.

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