Sec. 3B-1. Excepted liens and security interests.
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/il/chapter-625/act-45/3b-1A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
Sec. 3B-1. Excepted liens and security interests. This Article does not apply to or affect:
(a)A lien given by statute or rule of law to a supplier of services or materials for the watercraft;
(b)A lien given by the statute to the United States, this State or any political subdivision of this State.
(c)A security interest in a watercraft created by a manufacturer or dealer who holds the watercraft for sale, but a buyer in the ordinary course of trade from the manufacturer or dealer takes free of the security interest.