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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:
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810 ILCS 5/3-102 |
from Ch. 26, par. 3-102 |
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Amends the Uniform Commercial Code. Makes a technical change in a Section
concerning the subject matter of the Negotiable Instruments Article.
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A BILL FOR
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SB2775 |
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LRB096 17301 DRJ 32651 b |
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| AN ACT concerning business.
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| Be it enacted by the People of the State of Illinois, |
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| represented in the General Assembly:
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| Section 5. The Uniform Commercial Code is amended by |
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| changing Section 3-102 as follows:
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| (810 ILCS 5/3-102) (from Ch. 26, par. 3-102)
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| Sec. 3-102. Subject matter.
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| (a) This Article applies to negotiable instruments. It does |
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| not apply
to money, to payment orders governed by Article 4A, |
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| or to securities
governed by Article 8.
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| (b) If there is conflict between this Article and
and |
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| Article 4 or 9, Articles 4
and 9 govern. |
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| (c) Regulations of the Board of Governors of the Federal |
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| Reserve System
and operating circulars of the Federal Reserve |
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| Banks supersede any
inconsistent provision of this Article to |
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| the extent of the inconsistency.
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| (Source: P.A. 87-582; 87-1135.)
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