Chapter 805 - Business Organizations - Uniform Partnership Act.

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CHAPTER 805 BUSINESS ORGANIZATIONS
Uniform Partnership Act. - Applicability; Repeal
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(805 ILCS 205/Pt. VII heading)

PART VII. APPLICABILITY; REPEAL

    (805 ILCS 205/90)
    (Section scheduled to be repealed on January 1, 2008)
    Sec. 90. Applicability of Act.
    (a) Except as provided in subsection (b), this Act governs a partnership formed before January 1, 2003. This Act governs a partnership formed after December 31, 2002 and before January 1, 2008 only if that partnership is continuing the business of a dissolved partnership under Section 33. A partnership may not be formed under this Act on or after January 1, 2003 unless it is continuing the business of a dissolved partnership under Section 33.
    (b) A partnership formed before January 1, 2003 may voluntarily elect to be governed, before January 1, 2008, by the Uniform Partnership Act (1997) as provided in Section 1206 of that Act.
(Source: P.A. 92-740, eff. 1-1-03.)

    (805 ILCS 205/95)
    (Section scheduled to be repealed on January 1, 2008)
    Sec. 95. Repeal. This Act is repealed on January 1, 2008.
(Source: P.A. 92-740, eff. 1-1-03.)

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