Sec. 11-104. Transition Provision on Change or Requirement of Filing.
82 words·~1 min read·
/il/chapter-810/act-5/11-104A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
Sec. 11-104. Transition Provision on Change or Requirement of Filing.
A security interest for the perfection of which filing or the taking of possession was required under the Uniform Commercial Code, approved July 31, 1961, as amended, and which attached prior to July 1, 1973, but was not perfected shall be deemed perfected on July 1, 1973 if this amendatory Act of 1972 permits perfection without filing or authorizes filing in the office or offices where a prior ineffective filing was made.