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Full Text of SB3249  97th General Assembly

SB3249sam001 97TH GENERAL ASSEMBLY

Sen. John G. Mulroe

Filed: 2/24/2012

 

 


 

 


 
09700SB3249sam001LRB097 17301 CEL 66458 a

1
AMENDMENT TO SENATE BILL 3249

2    AMENDMENT NO. ______. Amend Senate Bill 3249 as follows:
 
3on page 7, by replacing lines 23 through 26 with the following:
 
4    "(h) This Act does not apply to a retail seller of
5equipment or an employee of a retail seller of equipment, as
6equipment is defined in Section 9-102 of the Uniform Commercial
7Code, and lawn and grounds care consumer goods when engaged in
8an activity otherwise covered by this Act if the activity is
9limited to the repossession of the type of goods routinely sold
10by that retail seller in the manner authorized by Section 9-609
11of the Uniform Commercial Code on behalf of the owner of a
12security interest in that collateral.
13    (i) This Act does not apply to an entity or the employee of
14an entity that primarily finances wholesale and retail
15transactions related to the purchase or lease of equipment
16manufactured by its affiliate when engaged in an activity

 

 

09700SB3249sam001- 2 -LRB097 17301 CEL 66458 a

1otherwise covered by this Act if the activity is limited to the
2repossession of the equipment.".