810 ILCS 5/1-205

Current through Public Act 103-585
Section 810 ILCS 5/1-205 - Reasonable time; seasonableness
(a) Whether a time for taking an action required by the Uniform Commercial Code is reasonable depends on the nature, purpose, and circumstances of the action.
(b) An action is taken seasonably if it is taken at or within the time agreed or, if no time is agreed, at or within a reasonable time.

810 ILCS 5/1-205

Amended by P.A. 095-0895,§ 5, eff. 1/1/2009.
Laws 1961, p. 2101.