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CHAPTER 805 BUSINESS ORGANIZATIONS
Uniform Partnership Act (1997)
Miscellaneous Provisions
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(805
ILCS 206/Art. 12 heading)
ARTICLE 12
MISCELLANEOUS PROVISIONS
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(805
ILCS 206/1201)
Sec.
1201. Uniformity of application and construction. This Act shall
be applied and construed to effectuate its general purpose to
make uniform the law with respect to the subject of this Act
among States enacting it.
(Source: P.A.
92-740, eff. 1-1-03.)
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(805
ILCS 206/1202)
Sec.
1202. Short title. (See Section 100 for short title.)
(Source: P.A.
92-740, eff. 1-1-03.)
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(805
ILCS 206/1203)
Sec.
1203. Severability clause. If any provision of this Act or its
application to any person or circumstance is held invalid, the
invalidity does not affect other provisions or applications of
this Act which can be given effect without the invalid provision
or application, and to this end the provisions of this Act are
severable.
(Source: P.A.
92-740, eff. 1-1-03.)
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(805
ILCS 206/1204)
Sec.
1204. Effective date. (See Section 1299 for effective date.)
(Source: P.A.
92-740, eff. 1-1-03.)
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(805
ILCS 206/1205)
Sec.
1205. Repealer. (See Section 1290 for
repeals.)
(Source: P.A.
92-740, eff. 1-1-03.)
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(805
ILCS 206/1206)
Sec.
1206. Applicability.
(a)
Before January 1, 2008, this Act governs only a partnership
formed:
(1)
on or after January 1, 2003, except a
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partnership
that is continuing the business of a dissolved partnership
under Section 33 of the superseded Uniform Partnership
Act; and
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(2)
before January 1, 2003, that elects, as provided
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by subsection (c) of this Section, to be governed by this Act.
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(b)
On and after January 1, 2008, this Act governs all partnerships.
(c)
Before January 1, 2008, a partnership voluntarily may
elect, in the manner provided in its partnership agreement or by
law for amending the partnership agreement, to be governed by this
Act. The provisions of this Act relating to the liability of the
partnership's partners to third parties apply to limit those partners'
liability to a third party who had done business with the partnership
within one year before the partnership's election to be governed
by this Act only if the third party knows or has received a notification
of the partnership's election to be governed by this Act.
(Source: P.A.
92-740, eff. 1-1-03.)
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(805
ILCS 206/1207)
Sec.
1207. Savings clause. This Act does not affect an action or proceeding
commenced or right accrued before this Act takes effect.
(Source: P.A.
92-740, eff. 1-1-03.)
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(805
ILCS 206/1290)
Sec.
1290. (Amendatory provisions; text omitted).
(Source: P.A.
92-740, eff. 1-1-03;
text omitted.)
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(805
ILCS 206/1295)
Sec.
1295. (Amendatory provisions; text omitted).
(Source: P.A.
92-740, eff. 1-1-03;
text omitted.)
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(805
ILCS 206/1299)
Sec.
1299. Effective date. This Act takes effect on January 1, 2003.
(Source: P.A.
92-740, eff. 1-1-03.)
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To learn more about Hennessy & Roach services, please call 312.346.5310,
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