810 ILCS 5/ Uniform Commercial Code.

(810 ILCS 5/9-807)

(This Section may contain text from a Public Act with a delayed effective date)

Sec. 9-807. Amendment of pre-effective-date financing statement.

(a) "Pre-effective-date financing statement". In this Section, "pre-effective-date financing statement" means a financing statement filed before the effective date of this amendatory Act of the 97th General Assembly.

(b) Applicable law. After this amendatory Act of the 97th General Assembly takes effect, a person may add or delete collateral covered by, continue or terminate the effectiveness of, or otherwise amend the information provided in, a pre-effective-date financing statement only in accordance with the law of the jurisdiction governing perfection as provided in Article 9 as amended by this amendatory Act of the 97th General Assembly. However, the effectiveness of a pre-effective-date financing statement also may be terminated in accordance with the law of the jurisdiction in which the financing statement is filed.

(c) Method of amending: general rule. Except as otherwise provided in subsection (d), if the law of this State governs perfection of a security interest, the information in a pre-effective-date financing statement may be amended after the effective date of this amendatory Act of the 97th General Assembly only if:

(1) the pre-effective-date financing statement and an amendment are filed in the office specified in Section 9-501;

(2) an amendment is filed in the office specified in Section 9-501 concurrently with, or after the filing in that office of, an initial financing statement that satisfies Section 9-806(c); or

(3) an initial financing statement that provides the information as amended and satisfies Section 9-806(c) is filed in the office specified in Section 9-501.

(d) Method of amending: continuation. If the law of this State governs perfection of a security interest, the effectiveness of a pre-effective-date financing statement may be continued only under Section 9-805(c) and (e) or 9-806.

(e) Method of amending: additional termination rule. Whether or not the law of this State governs perfection of a security interest, the effectiveness of a pre-effective-date financing statement filed in this State may be terminated after the effective date of this amendatory Act of the 97th General Assembly by filing a termination statement in the office in which the pre-effective-date financing statement is filed, unless an initial financing statement that satisfies Section 9-806(c) has been filed in the office specified by the law of the jurisdiction governing perfection as provided in Article 9 as amended by this amendatory Act of the 97th General Assembly as the office in which to file a financing statement.

(Source: P.A. 97-1034, eff. 7-1-13.)

(810 ILCS 5/9-808)

(This Section may contain text from a Public Act with a delayed effective date)

Sec. 9-808. Person entitled to file initial financing statement or continuation statement. A person may file an initial financing statement or a continuation statement under this part if:

(1) the secured party of record authorizes the filing; and

(2) the filing is necessary under this Part:

(A) to continue the effectiveness of a financing statement filed before the effective date of this amendatory Act of the 97th General Assembly; or

(B) to perfect or continue the perfection of a security interest.

(Source: P.A. 97-1034, eff. 7-1-13.)

(810 ILCS 5/9-809)

(This Section may contain text from a Public Act with a delayed effective date)

Sec. 9-809. Priority. This Act determines the priority of conflicting claims to collateral. However, if the relative priorities of the claims were established before the effective date of this amendatory Act of the 97th General Assembly, Article 9 as it existed before the effective date of this amendatory Act of the 97th General Assembly determines priority.

(Source: P.A. 97-1034, eff. 7-1-13.)

(810 ILCS 5/Art. 9 Pt. 99 heading) PART 99. (BLANK)

(810 ILCS 5/9-9901) (from Ch. 26, par. 9-9901)

Sec. 9-9901. (Blank).

(Source: P.A. 91-893, eff. 7-1-01.)

(810 ILCS 5/9-9902) (from Ch. 26, par. 9-9902)

Sec. 9-9902. (Blank).

(Source: P.A. 91-893, eff. 7-1-01.)

(810 ILCS 5/Art. 10 heading) ARTICLE 10 EFFECTIVE DATE AND REPEALER

(810 ILCS 5/10-101) (from Ch. 26, par. 10-101)

Sec. 10-101. Effective date.

This Act shall take effect at midnight on July 1, 1962. It applies to transactions entered into and events occurring after that date.

(Source: Laws 1961, 1st S.S., p. 7.)

(810 ILCS 5/10-102) (from Ch. 26, par. 10-102)

Sec. 10-102. Specific repealer; provision for transition.

(1) The following acts and parts of acts and all other acts and parts of acts inconsistent herewith are hereby repealed:

"An Act in regard to negotiable instruments payable in money", approved June 5, 1907, as amended;

"An Act in regard to warehouse receipts", approved May 29, 1907, as amended;

"An Act to make uniform the law relating to sales", approved June 29, 1915;

"An Act to regulate the sale or transfer of goods, wares, merchandise and other chattels in bulk and to provide certain penalties in connection therewith", approved May 3, 1913, as amended;

"Uniform Stock Transfer Act", filed June 28, 1917;

"An Act concerning contracts for the conditional sale or lease of railroad, street car and motor vehicle equipment and rolling stock, and providing for the record thereof", approved June 20, 1893, as amended;

"Uniform Trust Receipts Act", filed July 12, 1935, as amended;

"An Act to regulate the foreclosure of chattel mortgages on household goods, wearing apparel and mechanics' tools", approved June 5, 1889;

"Factors Lien Act", approved July 18, 1955;

"An Act relating to assignment of accounts receivable", approved July 22, 1943;

"An Act to regulate the assignment of notes secured by chattel mortgages, and to regulate the sale of property under the power of sale contained in chattel mortgages", approved June 21, 1895, as amended;

"Uniform Bills of Lading Act", approved June 5, 1911.2

(2) Transactions validly entered into before the effective date specified in Section 10-101 and the rights, duties and interests 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 Act as though such repeal or amendment had not occurred.

(Source: Laws 1961, p. 2101.)