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CHAPTER 805 BUSINESS ORGANIZATIONS
Uniform Partnership Act (1997)
Miscellaneous Provisions
.
 

 


 
    (805 ILCS 206/Art. 12 heading)

ARTICLE 12

MISCELLANEOUS PROVISIONS



    (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.)



    (805 ILCS 206/1202)
    Sec. 1202. Short title. (See Section 100 for short title.)
(Source: P.A. 92-740, eff. 1-1-03.)



    (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.)



    (805 ILCS 206/1204)
    Sec. 1204. Effective date. (See Section 1299 for effective date.)
(Source: P.A. 92-740, eff. 1-1-03.)



    (805 ILCS 206/1205)
    Sec. 1205. Repealer. (See Section 1290 for repeals.)
(Source: P.A. 92-740, eff. 1-1-03.)



    (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

    

partnership that is continuing the business of a dissolved partnership under Section 33 of the superseded Uniform Partnership Act; and

        (2) before January 1, 2003, that elects, as provided

    

by subsection (c) of this Section, to be governed by this Act.

    (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.)



    (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.)



    (805 ILCS 206/1290)
    Sec. 1290. (Amendatory provisions; text omitted).
(Source: P.A. 92-740, eff. 1-1-03; text omitted.)



    (805 ILCS 206/1295)
    Sec. 1295. (Amendatory provisions; text omitted).
(Source: P.A. 92-740, eff. 1-1-03; text omitted.)



    (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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