240 ILCS 40/1-25

(240 ILCS 40/1-25)

Sec. 1-25. Rules.

The Department may
promulgate rules that are necessary
for the implementation and administration of this Code.

(a) The Department shall adopt rules governing electronic systems under which
electronic warehouse receipts are issued and transferred. Licensees shall
not be required, however, to issue or use electronic warehouse receipts. These
rules shall be adopted after the United States Department of Agriculture adopts
regulations concerning an electronic receipt transfer system pursuant to 7
U.S.C. 242, 250.

(b) The Department shall adopt rules governing electronic price later contracts. Licensees and producers shall not be required, however, to issue or use electronic price later contracts.

(Source: P.A. 96-464, eff. 8-14-09.)