Illinois
Chapter 765 — PROPERTY · Act 1055
7 entries
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Sec. 1. This Act shall be known and may be cited as the " Plastics Dies and Molds Ownership Transfer Act.
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Sec. 2. As used in this Act,.
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Sec. 3. In the absence of any agreement to the contrary, the customer shall have all rights and title to any die, mold, or form in the possession of the molder.
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Sec. 4. If a customer does not claim possession from a molder of a die, mold, or form within three years following the last prior use thereof, all rights and title to a.
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Sec. 5. If a molder chooses to have all rights and title to any die, mold, or form transferred to the molder by operation of law, the molder shall send written notice b.
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Sec. 6. If a customer does not claim possession of the particular die, mold, or form within 120 days following the date the notice was sent, or does not make other cont.
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Sec. 7. The three-year waiting period set forth in Section 4 shall apply retroactively in the case of dies, molds, and forms in the possession of a molder upon the effe.