Senate Sponsors: DILLARD. House Sponsors: DURKIN-LANG-HOFFMAN-TURNER,JOHN-CROSS Short description: UCC-SECURED TRANSACTIONS Synopsis of Bill as introduced: Amends the Uniform Commercial Code by replacing the Secured Transactions Article with a revised version. Amends other Articles of the Uniform Commercial Code and the Local Records Act, the Counties Code, the Public Utilities Act, the Illinois Vehicle Code, the Uniform Federal Lien Registration Act, and the Toxic Substances Disclosure to Employees Act by making conforming changes. Effective July 1, 2001. SENATE AMENDMENT NO. 1. Deletes reference to: 810 ILCS 5/Art. 9 heading 810 ILCS 5/Art. 9, Part 1 heading 810 ILCS 5/Art. 9, Part 1, Subpart 1 heading new 810 ILCS 5/9-102 from Ch. 26, par. 9-102 810 ILCS 5/9-103 from Ch. 26, par. 9-103 810 ILCS 5/9-104 from Ch. 26, par. 9-104 810 ILCS 5/9-105 from Ch. 26, par. 9-105 810 ILCS 5/9-106 from Ch. 26, par. 9-106 810 ILCS 5/9-107 from Ch. 26, par. 9-107 810 ILCS 5/9-108 from Ch. 26, par. 9-108 810 ILCS 5/Art. 9, Part 1, Subpart 2 heading new 810 ILCS 5/9-109 from Ch. 26, par. 9-109 810 ILCS 5/9-110 from Ch. 26, par. 9-110 810 ILCS 5/9-112 from Ch. 26, par. 9-112 810 ILCS 5/9-113 from Ch. 26, par. 9-113 810 ILCS 5/9-114 from Ch. 26, par. 9-114 810 ILCS 5/9-115 from Ch. 26, par. 9-115 810 ILCS 5/9-116 810 ILCS 5/9-150 810 ILCS 5/Art. 9, Part 2 heading 810 ILCS 5/Art. 9, Part 2, Subpart 1 heading new 810 ILCS 5/9-201 from Ch. 26, par. 9-201 810 ILCS 5/9-202 from Ch. 26, par. 9-202 810 ILCS 5/9-203 from Ch. 26, par. 9-203 810 ILCS 5/9-204 from Ch. 26, par. 9-204 810 ILCS 5/9-205 from Ch. 26, par. 9-205 810 ILCS 5/9-205.1 from Ch. 26, par. 9-205.1 810 ILCS 5/9-206 from Ch. 26, par. 9-206 810 ILCS 5/Art. 9, Part 2, Subpart 2 heading new 810 ILCS 5/9-207 from Ch. 26, par. 9-207 810 ILCS 5/9-208 from Ch. 26, par. 9-208 810 ILCS 5/9-209 new 810 ILCS 5/9-210 new 810 ILCS 5/Art. 9, Part 3 heading 810 ILCS 5/Art. 9, Part 3, Subpart 1 heading new 810 ILCS 5/9-301 from Ch. 26, par. 9-301 810 ILCS 5/9-302 from Ch. 26, par. 9-302 810 ILCS 5/9-303 from Ch. 26, par. 9-303 810 ILCS 5/9-304 from Ch. 26, par. 9-304 810 ILCS 5/9-305 from Ch. 26, par. 9-305 810 ILCS 5/9-306 from Ch. 26, par. 9-306 810 ILCS 5/9-306.01 from Ch. 26, par. 9-306.01 810 ILCS 5/9-306.02 from Ch. 26, par. 9-306.02 810 ILCS 5/9-307 from Ch. 26, par. 9-307 810 ILCS 5/9-307.1 from Ch. 26, par. 9-307.1 810 ILCS 5/9-307.2 from Ch. 26, par. 9-307.2 810 ILCS 5/Art. 9, Part 3, Subpart 2 heading new 810 ILCS 5/9-308 from Ch. 26, par. 9-308 810 ILCS 5/9-309 from Ch. 26, par. 9-309 810 ILCS 5/9-310 from Ch. 26, par. 9-310 810 ILCS 5/9-311 from Ch. 26, par. 9-311 810 ILCS 5/9-312 from Ch. 26, par. 9-312 810 ILCS 5/9-313 from Ch. 26, par. 9-313 810 ILCS 5/9-314 from Ch. 26, par. 9-314 810 ILCS 5/9-315 from Ch. 26, par. 9-315 810 ILCS 5/9-316 from Ch. 26, par. 9-316 810 ILCS 5/Art. 9, Part 3, Subpart 3 heading new 810 ILCS 5/9-317 from Ch. 26, par. 9-317 810 ILCS 5/9-318 from Ch. 26, par. 9-318 810 ILCS 5/9-319 new 810 ILCS 5/9-320 new 810 ILCS 5/9-321 new 810 ILCS 5/9-322 new 810 ILCS 5/9-323 new 810 ILCS 5/9-324 new 810 ILCS 5/9-325 new 810 ILCS 5/9-326 new 810 ILCS 5/9-327 new 810 ILCS 5/9-328 new 810 ILCS 5/9-329 new 810 ILCS 5/9-330 new 810 ILCS 5/9-331 new 810 ILCS 5/9-332 new 810 ILCS 5/9-333 new 810 ILCS 5/9-334 new 810 ILCS 5/9-335 new 810 ILCS 5/9-336 new 810 ILCS 5/9-337 new 810 ILCS 5/9-338 new 810 ILCS 5/9-339 new 810 ILCS 5/Art. 9, Part 3, Subpart 4 heading new 810 ILCS 5/9-340 new 810 ILCS 5/9-341 new 810 ILCS 5/9-342 new 810 ILCS 5/Art. 9, Part 4 heading 810 ILCS 5/9-401 from Ch. 26, par. 9-401 810 ILCS 5/9-401A 810 ILCS 5/9-402 from Ch. 26, par. 9-402 810 ILCS 5/9-403 from Ch. 26, par. 9-403 810 ILCS 5/9-404 from Ch. 26, par. 9-404 810 ILCS 5/9-405 from Ch. 26, par. 9-405 810 ILCS 5/9-406 from Ch. 26, par. 9-406 810 ILCS 5/9-407 from Ch. 26, par. 9-407 810 ILCS 5/9-408 from Ch. 26, par. 9-408 810 ILCS 5/9-409 new 810 ILCS 5/9-410 810 ILCS 5/Art. 9, Part 5 heading 810 ILCS 5/Art. 9, Part 5, Subpart 1 heading new 810 ILCS 5/9-501 from Ch. 26, par. 9-501 810 ILCS 5/9-502 from Ch. 26, par. 9-502 810 ILCS 5/9-503 from Ch. 26, par. 9-503 810 ILCS 5/9-504 from Ch. 26, par. 9-504 810 ILCS 5/9-505 from Ch. 26, par. 9-505 810 ILCS 5/9-506 from Ch. 26, par. 9-506 810 ILCS 5/9-507 from Ch. 26, par. 9-507 810 ILCS 5/9-508 new 810 ILCS 5/9-509 new 810 ILCS 5/9-510 new 810 ILCS 5/9-511 new 810 ILCS 5/9-512 new 810 ILCS 5/9-513 new 810 ILCS 5/9-514 new 810 ILCS 5/9-515 new 810 ILCS 5/9-516 new 810 ILCS 5/9-517 new 810 ILCS 5/9-518 new 810 ILCS 5/Art. 9, Part 5, Subpart 2 heading new 810 ILCS 5/9-519 new 810 ILCS 5/9-520 new 810 ILCS 5/9-521 new 810 ILCS 5/9-522 new 810 ILCS 5/9-523 new 810 ILCS 5/9-524 new 810 ILCS 5/9-525 new 810 ILCS 5/9-526 new 810 ILCS 5/9-527 new 810 ILCS 5/Art. 9, Part 6 heading new 810 ILCS 5/Art. 9, Part 6, Subpart 1 heading new 810 ILCS 5/9-601 new 810 ILCS 5/9-602 new 810 ILCS 5/9-603 new 810 ILCS 5/9-604 new 810 ILCS 5/9-605 new 810 ILCS 5/9-606 new 810 ILCS 5/9-607 new 810 ILCS 5/9-608 new 810 ILCS 5/9-609 new 810 ILCS 5/9-610 new 810 ILCS 5/9-611 new 810 ILCS 5/9-612 new 810 ILCS 5/9-613 new 810 ILCS 5/9-614 new 810 ILCS 5/9-615 new 810 ILCS 5/9-616 new 810 ILCS 5/9-617 new 810 ILCS 5/9-618 new 810 ILCS 5/9-619 new 810 ILCS 5/9-620 new 810 ILCS 5/9-621 new 810 ILCS 5/9-622 new 810 ILCS 5/9-623 new 810 ILCS 5/9-624 new 810 ILCS 5/Art. 9, Part 6, Subpart 2 heading new 810 ILCS 5/9-625 new 810 ILCS 5/9-626 new 810 ILCS 5/9-627 new 810 ILCS 5/9-628 new 810 ILCS 5/Art. 9, Part 7 heading new 810 ILCS 5/9-701 new 810 ILCS 5/9-702 new 810 ILCS 5/9-703 new 810 ILCS 5/9-704 new 810 ILCS 5/9-705 new 810 ILCS 5/9-706 new 810 ILCS 5/9-707 new 810 ILCS 5/9-708 new 810 ILCS 5/9-9901 from Ch. 26, par. 9-9901 810 ILCS 5/9-9902 from Ch. 26, par. 9-9902 810 ILCS 5/1-105 from Ch. 26, par. 1-105 810 ILCS 5/1-201 from Ch. 26, par. 1-201 810 ILCS 5/2-103 from Ch. 26, par. 2-103 810 ILCS 5/2-210 from Ch. 26, par. 2-210 810 ILCS 5/2-326 from Ch. 26, par. 2-326 810 ILCS 5/2-502 from Ch. 26, par. 2-502 810 ILCS 5/2-716 from Ch. 26, par. 2-716 810 ILCS 5/2A-103 from Ch. 26, par. 2A-103 810 ILCS 5/2A-303 from Ch. 26, par. 2A-303 810 ILCS 5/2A-307 from Ch. 26, par. 2A-307 810 ILCS 5/2A-309 from Ch. 26, par. 2A-309 810 ILCS 5/4-210 from Ch. 26, par. 4-210 810 ILCS 5/5-118 new 810 ILCS 5/7-503 from Ch. 26, par. 7-503 810 ILCS 5/8-103 from Ch. 26, par. 8-103 810 ILCS 5/8-106 from Ch. 26, par. 8-106 810 ILCS 5/8-110 810 ILCS 5/8-301 from Ch. 26, par. 8-301 810 ILCS 5/8-302 from Ch. 26, par. 8-302 810 ILCS 5/8-510 50 ILCS 205/14 from Ch. 116, par. 43.114 55 ILCS 5/3-5018 from Ch. 34, par. 3-5018 220 ILCS 5/18-107 625 ILCS 5/3-114 from Ch. 95 1/2, par. 3-114 770 ILCS 110/4 from Ch. 82, par. 404 820 ILCS 255/6 from Ch. 48, par. 1406 Replaces everything after the enacting clause. Makes only a technical change in the Short title Section of the secured transactions Article of the Uniform Commercial Code. SENATE AMENDMENT NO. 2. Adds reference to: 810 ILCS 5/Art. 9 heading 810 ILCS 5/Art. 9, Part 1 heading 810 ILCS 5/Art. 9, Part 1, Subpart 1 heading new 810 ILCS 5/9-101 from Ch. 26, par. 9-101 810 ILCS 5/9-102 from Ch. 26, par. 9-102 810 ILCS 5/9-103 from Ch. 26, par. 9-103 810 ILCS 5/9-104 from Ch. 26, par. 9-104 810 ILCS 5/9-105 from Ch. 26, par. 9-105 810 ILCS 5/9-106 from Ch. 26, par. 9-106 810 ILCS 5/9-107 from Ch. 26, par. 9-107 810 ILCS 5/9-108 from Ch. 26, par. 9-108 810 ILCS 5/Art. 9, Part 1, Subpart 2 heading new 810 ILCS 5/9-109 from Ch. 26, par. 9-109 810 ILCS 5/9-110 from Ch. 26, par. 9-110 810 ILCS 5/9-112 from Ch. 26, par. 9-112 810 ILCS 5/9-113 from Ch. 26, par. 9-113 810 ILCS 5/9-114 from Ch. 26, par. 9-114 810 ILCS 5/9-115 from Ch. 26, par. 9-115 810 ILCS 5/9-116 810 ILCS 5/9-150 810 ILCS 5/Art. 9, Part 2 heading 810 ILCS 5/Art. 9, Part 2, Subpart 1 heading new 810 ILCS 5/9-201 from Ch. 26, par. 9-201 810 ILCS 5/9-202 from Ch. 26, par. 9-202 810 ILCS 5/9-203 from Ch. 26, par. 9-203 810 ILCS 5/9-204 from Ch. 26, par. 9-204 810 ILCS 5/9-205 from Ch. 26, par. 9-205 810 ILCS 5/9-205.1 from Ch. 26, par. 9-205.1 810 ILCS 5/9-206 from Ch. 26, par. 9-206 810 ILCS 5/Art. 9, Part 2, Subpart 2 heading new 810 ILCS 5/9-207 from Ch. 26, par. 9-207 810 ILCS 5/9-208 from Ch. 26, par. 9-208 810 ILCS 5/9-209 new 810 ILCS 5/9-210 new 810 ILCS 5/Art. 9, Part 3 heading 810 ILCS 5/Art. 9, Part 3, Subpart 1 heading new 810 ILCS 5/9-301 from Ch. 26, par. 9-301 810 ILCS 5/9-302 from Ch. 26, par. 9-302 810 ILCS 5/9-303 from Ch. 26, par. 9-303 810 ILCS 5/9-304 from Ch. 26, par. 9-304 810 ILCS 5/9-305 from Ch. 26, par. 9-305 810 ILCS 5/9-306 from Ch. 26, par. 9-306 810 ILCS 5/9-306.01 from Ch. 26, par. 9-306.01 810 ILCS 5/9-306.02 from Ch. 26, par. 9-306.02 810 ILCS 5/9-307 from Ch. 26, par. 9-307 810 ILCS 5/9-307.1 from Ch. 26, par. 9-307.1 810 ILCS 5/9-307.2 from Ch. 26, par. 9-307.2 810 ILCS 5/Art. 9, Part 3, Subpart 2 heading new 810 ILCS 5/9-308 from Ch. 26, par. 9-308 810 ILCS 5/9-309 from Ch. 26, par. 9-309 810 ILCS 5/9-310 from Ch. 26, par. 9-310 810 ILCS 5/9-311 from Ch. 26, par. 9-311 810 ILCS 5/9-312 from Ch. 26, par. 9-312 810 ILCS 5/9-313 from Ch. 26, par. 9-313 810 ILCS 5/9-314 from Ch. 26, par. 9-314 810 ILCS 5/9-315 from Ch. 26, par. 9-315 810 ILCS 5/9-315.01 new 810 ILCS 5/9-315.02 new 810 ILCS 5/9-316 from Ch. 26, par. 9-316 810 ILCS 5/Art. 9, Part 3, Subpart 3 heading new 810 ILCS 5/9-317 from Ch. 26, par. 9-317 810 ILCS 5/9-318 from Ch. 26, par. 9-318 810 ILCS 5/9-319 new 810 ILCS 5/9-320 new 810 ILCS 5/9-320.1 new 810 ILCS 5/9-320.2 new 810 ILCS 5/9-321 new 810 ILCS 5/9-322 new 810 ILCS 5/9-323 new 810 ILCS 5/9-324 new 810 ILCS 5/9-325 new 810 ILCS 5/9-326 new 810 ILCS 5/9-327 new 810 ILCS 5/9-328 new 810 ILCS 5/9-329 new 810 ILCS 5/9-330 new 810 ILCS 5/9-331 new 810 ILCS 5/9-332 new 810 ILCS 5/9-333 new 810 ILCS 5/9-334 new 810 ILCS 5/9-335 new 810 ILCS 5/9-336 new 810 ILCS 5/9-337 new 810 ILCS 5/9-338 new 810 ILCS 5/9-339 new 810 ILCS 5/Art. 9, Part 3, Subpart 4 heading new 810 ILCS 5/9-340 new 810 ILCS 5/9-341 new 810 ILCS 5/9-342 new 810 ILCS 5/Art. 9, Part 4 heading 810 ILCS 5/9-401 from Ch. 26, par. 9-401 810 ILCS 5/9-401A 810 ILCS 5/9-402 from Ch. 26, par. 9-402 810 ILCS 5/9-403 from Ch. 26, par. 9-403 810 ILCS 5/9-404 from Ch. 26, par. 9-404 810 ILCS 5/9-405 from Ch. 26, par. 9-405 810 ILCS 5/9-406 from Ch. 26, par. 9-406 810 ILCS 5/9-407 from Ch. 26, par. 9-407 810 ILCS 5/9-408 from Ch. 26, par. 9-408 810 ILCS 5/9-409 new 810 ILCS 5/9-410 810 ILCS 5/Art. 9, Part 5 heading 810 ILCS 5/Art. 9, Part 5, Subpart 1 heading new 810 ILCS 5/9-501 from Ch. 26, par. 9-501 810 ILCS 5/9-502 from Ch. 26, par. 9-502 810 ILCS 5/9-503 from Ch. 26, par. 9-503 810 ILCS 5/9-504 from Ch. 26, par. 9-504 810 ILCS 5/9-505 from Ch. 26, par. 9-505 810 ILCS 5/9-506 from Ch. 26, par. 9-506 810 ILCS 5/9-507 from Ch. 26, par. 9-507 810 ILCS 5/9-508 new 810 ILCS 5/9-509 new 810 ILCS 5/9-510 new 810 ILCS 5/9-511 new 810 ILCS 5/9-512 new 810 ILCS 5/9-513 new 810 ILCS 5/9-514 new 810 ILCS 5/9-515 new 810 ILCS 5/9-516 new 810 ILCS 5/9-517 new 810 ILCS 5/9-518 new 810 ILCS 5/Art. 9, Part 5, Subpart 2 heading new 810 ILCS 5/9-519 new 810 ILCS 5/9-520 new 810 ILCS 5/9-521 new 810 ILCS 5/9-522 new 810 ILCS 5/9-523 new 810 ILCS 5/9-524 new 810 ILCS 5/9-525 new 810 ILCS 5/9-526 new 810 ILCS 5/9-527 new 810 ILCS 5/Art. 9, Part 6 heading new 810 ILCS 5/Art. 9, Part 6, Subpart 1 heading new 810 ILCS 5/9-601 new 810 ILCS 5/9-602 new 810 ILCS 5/9-603 new 810 ILCS 5/9-604 new 810 ILCS 5/9-605 new 810 ILCS 5/9-606 new 810 ILCS 5/9-607 new 810 ILCS 5/9-608 new 810 ILCS 5/9-609 new 810 ILCS 5/9-610 new 810 ILCS 5/9-611 new 810 ILCS 5/9-612 new 810 ILCS 5/9-613 new 810 ILCS 5/9-614 new 810 ILCS 5/9-615 new 810 ILCS 5/9-616 new 810 ILCS 5/9-617 new 810 ILCS 5/9-618 new 810 ILCS 5/9-619 new 810 ILCS 5/9-620 new 810 ILCS 5/9-621 new 810 ILCS 5/9-622 new 810 ILCS 5/9-623 new 810 ILCS 5/9-624 new 810 ILCS 5/Art. 9, Part 6, Subpart 2 heading new 810 ILCS 5/9-625 new 810 ILCS 5/9-626 new 810 ILCS 5/9-627 new 810 ILCS 5/9-628 new 810 ILCS 5/Art. 9, Part 7 heading new 810 ILCS 5/9-701 new 810 ILCS 5/9-702 new 810 ILCS 5/9-703 new 810 ILCS 5/9-704 new 810 ILCS 5/9-705 new 810 ILCS 5/9-706 new 810 ILCS 5/9-707 new 810 ILCS 5/9-708 new 810 ILCS 5/9-709 new 810 ILCS 5/9-710 new 810 ILCS 5/9-9901 from Ch. 26, par. 9-9901 810 ILCS 5/9-9902 from Ch. 26, par. 9-9902 810 ILCS 5/1-105 from Ch. 26, par. 1-105 810 ILCS 5/1-201 from Ch. 26, par. 1-201 810 ILCS 5/2-103 from Ch. 26, par. 2-103 810 ILCS 5/2-210 from Ch. 26, par. 2-210 810 ILCS 5/2-326 from Ch. 26, par. 2-326 810 ILCS 5/2-502 from Ch. 26, par. 2-502 810 ILCS 5/2-716 from Ch. 26, par. 2-716 810 ILCS 5/2A-103 from Ch. 26, par. 2A-103 810 ILCS 5/2A-303 from Ch. 26, par. 2A-303 810 ILCS 5/2A-307 from Ch. 26, par. 2A-307 810 ILCS 5/2A-309 from Ch. 26, par. 2A-309 810 ILCS 5/4-210 from Ch. 26, par. 4-210 810 ILCS 5/5-118 new 810 ILCS 5/7-503 from Ch. 26, par. 7-503 810 ILCS 5/8-103 from Ch. 26, par. 8-103 810 ILCS 5/8-106 from Ch. 26, par. 8-106 810 ILCS 5/8-110 810 ILCS 5/8-301 from Ch. 26, par. 8-301 810 ILCS 5/8-302 from Ch. 26, par. 8-302 810 ILCS 5/8-510 50 ILCS 205/14 from Ch. 116, par. 43.114 55 ILCS 5/3-5018 from Ch. 34, par. 3-5018 220 ILCS 5/18-107 625 ILCS 5/3-114 from Ch. 95 1/2, par. 3-114 625 ILCS 5/3-202 from Ch. 95 1/2, par. 3-202 735 ILCS 5/9-316 from Ch. 110, par. 9-316 770 ILCS 110/4 from Ch. 82, par. 404 810 ILCS 5/9-404.5 new 820 ILCS 255/6 from Ch. 48, par. 1406 Replaces the title and everything after the enacting clause. Amends the Uniform Commercial Code by replacing the Secured Transactions Article with a revised version. Amends other Articles of the Uniform Commercial Code and the Local Records Act, the Counties Code, the Public Utilities Act, the Illinois Vehicle Code, the Code of Civil Procedure, the Uniform Federal Lien Registration Act, and the Toxic Substances Disclosure to Employees Act by making conforming changes. Includes certificates of deposit within the scope of the terms "deposit account" and "instrument". Provides that a secured party may require a debtor to disclose to whom collateral may be sold and prohibits the debtor from selling to others. Provides criminal penalties for failure to pay a secured party upon disposal of collateral. Provides that an individual is subject to a Class 3 felony and that a corporation is subject to a business offense with a fine not exceeding $10,000. Imposes criminal penalties for disposing of collateral to persons not disclosed to the secured party. Makes provisions for local filing and record-keeping. Provides that damages may be obtained in an individual action. Effective July 1, 2001, except some parts effective immediately. HOUSE AMENDMENT NO. 1. Provides that the Secured Transactions Article does not apply to a transfer by a government or governmental agency; nor to certain claims for compensation or benefits described by specified provisions of federal law. Last action on Bill: PUBLIC ACT.............................. 91-0893 Last action date: 00-07-06 Location: Senate Amendments to Bill: AMENDMENTS ADOPTED: HOUSE - 1 SENATE - 2 END OF INQUIRY Full Text Bill Status