Sec. 12A-201. Saving clause.
82 words·~1 min read·
/il/chapter-810/act-5/12a-201A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
Sec. 12A-201. Saving clause. Except as provided in Part 3, a transaction validly entered into before the effective date of this amendatory Act of the 103rd General Assembly and the rights, duties, and interests flowing from the transaction remain valid thereafter and may be terminated, completed, consummated, or enforced as required or permitted by law other than the Uniform Commercial Code or, if applicable, the Uniform Commercial Code, as though this amendatory Act of the 103rd General Assembly had not taken effect.