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Terms Used In Illinois Compiled Statutes 815 ILCS 340/10

  • 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
     Persons electing to proceed under this Act shall be barred from maintaining a separate cause of action under the Uniform Commercial Code.
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 815 ILCS 340 Contents