(625 ILCS 5/18c-4804) (from Ch. 95 1/2, par. 18c-4804)
Sec. 18c-4804.
Limitation of Liability.
The provisions of this Section respecting liability for full
actual loss, damage or injury, notwithstanding subsection 2 of
Section 7-309 of the "Uniform Commercial Code", as amended, do
not apply to property received for transportation concerning
which the carrier is expressly authorized or required by order of
the Commission to establish rates based on value declared in
writing by the shipper or agreed upon by the shipper, in writing,
as the released value of the property. Such declarations or
agreements have no other effect than to limit liability to an
amount not exceeding the value declared or released, and are not
in violation of this Chapter. A tariff containing such rates shall
contain specific reference to the Commission order authorizing
them.
(Source: P.A. 84-796.)
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