§ 10-102 — Specific repealer; provision for transition

Illinois § 10-102

• Jurisdiction: Illinois
• Topic: BUSINESS AND EMPLOYMENT
• Ch. 810: COMMERCIAL CODE
• Act 810 ILCS 5/: Uniform Commercial Code.
• Art.: Article 10 - Effective Date And Repealer

Text

(1) The following acts and parts of acts and all other acts and parts of acts inconsistent herewith are hereby repealed: "An Act in regard to negotiable instruments payable in money", approved June 5, 1907, as amended; "An Act in regard to warehouse receipts", approved May 29, 1907, as amended; "An Act to make uniform the law relating to sales", approved June 29, 1915; "An Act to regulate the sale or transfer of goods, wares, merchandise and other chattels in bulk and to provide certain penalties in connection therewith", approved May 3, 1913, as amended; "Uniform Stock Transfer Act", filed June 28, 1917; "An Act concerning contracts for the conditional sale or lease of railroad, street car and motor vehicle equipment and rolling stock, and providing for the record thereof", approved June 20, 1893, as amended; "Uniform Trust Receipts Act", filed July 12, 1935, as amended; "An Act to regulate the foreclosure of chattel mortgages on household goods, wearing apparel and mechanics' tools", approved June 5, 1889; "Factors Lien Act", approved July 18, 1955; "An Act relating to assignment of accounts receivable", approved July 22, 1943; "An Act to regulate the assignment of notes secured by chattel mortgages, and to regulate the sale of property under the power of sale contained in chattel mortgages", approved June 21, 1895, as amended; "Uniform Bills of Lading Act", approved June 5, 1911. (2) Transactions validly entered into before the effective date specified in Section 10-101 and the rights, duties and interests flowing from them remain valid thereafter and may be terminated, completed, consummated or enforced as required or permitted by any statute or other law amended or repealed by this Act as though such repeal or amendment had not occurred.

Legislative History

(Source: Laws 1961, p. 2101 .)