093_SB0965
LRB093 03160 MBS 03177 b
1 AN ACT concerning business transactions.
2 Be it enacted by the People of the State of Illinois,
3 represented in the General Assembly:
4 Section 5. The Uniform Commercial Code is amended by
5 changing Section 3-102 as follows:
6 (810 ILCS 5/3-102) (from Ch. 26, par. 3-102)
7 Sec. 3-102. Subject matter.
8 (a) This Article applies to negotiable instruments.
9 This ArticleIt does not apply to money, to payment orders
10 governed by Article 4A, or to securities governed by Article
11 8.
12 (b) If there is conflict between this Article and
13 Article 4 or 9, Articles 4 and 9 govern.
14 (c) Regulations of the Board of Governors of the Federal
15 Reserve System and operating circulars of the Federal Reserve
16 Banks supersede any inconsistent provision of this Article to
17 the extent of the inconsistency.
18 (Source: P.A. 87-582; 87-1135.)