(1) The following acts and all other acts and parts of acts inconsistent herewith are hereby repealed:
(a) The Uniform Negotiable Instruments Act;
(b) the Uniform Warehouse Receipts Act;
(c) the Uniform Stock Transfer Act;
(d) the Uniform Conditional Sales Act;
(e) the Uniform Trust Receipts Act;
(2) Transactions validly entered into before the effective date specified in section 10-101 and the rights, duties and interest flowing from them remain valid thereafter and may be terminated, completed, consummated or enforced as required or permitted by any statute or other law amended or repealed by this chapter as though such repeal or amendment had not occurred.
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