Sec. 11-107. Transition Provisions as to Priorities.
59 words·~1 min read·
/il/chapter-810/act-5/11-107A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
Sec. 11-107. Transition Provisions as to Priorities.
Except as otherwise provided in Article 11, the Uniform Commercial Code, approved July 31, 1961, as amended, shall apply to any questions of priority if the positions of the parties were fixed prior to July 1, 1973. In other cases questions of priority shall be determined by this amendatory Act of 1972.