Illinois Compiled Statutes 810 ILCS 5/11-108 – Presumption that Rule of Law Continues Unchanged
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Terms Used In Illinois Compiled Statutes 810 ILCS 5/11-108
- Uniform Commercial Code: A set of statutes enacted by the various states to provide consistency among the states' commercial laws. It includes negotiable instruments, sales, stock transfers, trust and warehouse receipts, and bills of lading. Source: OCC
Unless a change in law has clearly been made, the provisions of this amendatory Act of 1972 shall be deemed declaratory of the meaning of the Uniform Commercial Code, approved July 31, 1961, as amended.