State of Illinois
91st General Assembly
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91_HB3822

 
                                               LRB9112413STsb

 1        AN ACT to amend the Uniform Commercial Code.

 2        Be it enacted by the People of  the  State  of  Illinois,
 3    represented in the General Assembly:

 4        Section  5.   The  Uniform  Commercial Code is amended by
 5    changing Section 1-103 as follows:

 6        (810 ILCS 5/1-103) (from Ch. 26, par. 1-103)
 7        Sec.  1-103.  Supplementary  general  principles  of  law
 8    applicable.  Unless displaced by the particular provisions of
 9    this Act, the principles of law and equity, including the law
10    merchant and  the  law  relative  to  capacity  to  contract,
11    principal  and  agent,  estoppel,  fraud,  misrepresentation,
12    duress,  coercion, mistake, unjust enrichment, bankruptcy, or
13    other validating or invalidating cause shall  supplement  its
14    provisions.
15    (Source: P.A. 88-123.)

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