Illinois Statutes
§ 9-804
Illinois·Topic BUSINESS AND EMPLOYMENT·Ch. 810 COMMERCIAL CODE·Act 810 ILCS 5/ Uniform Commercial Code.·Art. Article 9 - Secured Transactions
Security interest unperfected before the effective date of this amendatory Act of the 97th General Assembly. A security interest that is an unperfected security interest immediately before the effective date of this amendatory Act of the 97th General Assembly becomes a perfected security interest:
(1)without further action, when this amendatory Act of the 97th General Assembly takes effect if the applicable requirements for perfection under Article 9 as amended by this amendatory Act of the 97th General Assembly are satisfied before or at that time; or (2) when the applicable requirements for perfection are satisfied if the requirements are satisfied after that time.
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Legislative History
(Source: P.A. 97-1034, eff. 7-1-13 .)
Nearby Sections
15
§ 9-101
Short title§ 9-103
§ 9-103§ 9-104
Control of deposit account§ 9-105
§ 9-105§ 9-105A
Control of electronic money§ 9-107A
§ 9-107A§ 9-108
Sufficiency of description§ 9-109
Scope§ 9-112
(Blank)