Illinois Compiled Statutes 765 ILCS 1053 Dies and Molds Ownership Transfer Act of 1997. Section 15

    (765 ILCS 1053/15)

    Sec. 15. Transfer of rights to fabricator. If, after the 3 year period in Section 10 of this Act has expired, a fabricator chooses to have all rights, title, and interest in any die, mold, form, jig, tooling, or pattern transferred to the fabricator for purposes of destruction, the fabricator shall send written notice by registered mail, return receipt requested, to the customer's address as set out in any written agreement between the fabricator and the customer and to the customer's last known address indicating that the fabricator intends to terminate the customer's rights, title, and interest by having the rights, title, and interest transferred to the fabricator under this Act.

(Source: P.A. 90-371, eff. 8-14-97.)

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Last modified: February 18, 2015