Illinois § 13-103 Savings clause

Illinois Statutes

§ 13-103 — Savings clause

Illinois § 13-103

JurisdictionIllinois

TopicBUSINESS AND EMPLOYMENT

Ch. 810COMMERCIAL CODE

Act 810 ILCS 5/Uniform Commercial Code.

Art.Article 13 - Effective Date And Transition; Provisions For Amendatory Act Of 1996

This text of Illinois § 13-103 (Savings clause) is published on Counsel Stack Legal Research, covering Illinois primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.

Bluebook

810 Ill. Comp. Stat. 13-103 (2026).

Text

A transaction arising out of or associated with a letter of credit that was issued before the effective date of this amendatory Act of 1996 and the rights, obligations, and interests flowing from that transaction are governed by any statute or other law amended by this amendatory Act of 1996 as if amendment had not occurred and may be terminated, completed, consummated, or enforced under that statute or other law.

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A transaction arising out of or associated with a letter of credit that was issued before the effective date of this amendatory Act of 1996 and the rights, obligations, and interests flowing from that transaction are governed by any statute or other law amended by this amendatory Act of 1996 as if amendment had not occurred and may be terminated, completed, consummated, or enforced under that statute or other law.

Legislative History

(Source: P.A. 89-534, eff. 1-1-97.)

Nearby Sections

3

§ 13-101

Effective date

§ 13-102

Applicability

§ 13-103

Savings clause

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Bluebook (online)

Illinois § 13-103, Counsel Stack Legal Research, https://law.counselstack.com/statute/il/810/13-103.