Code · Illinois · Chapter 810 — COMMERCIAL CODE · Act 5

Sec. 9-708. Persons entitled to file initial financing statement or continuation statement.

81 words·~1 min read·/il/chapter-810/act-5/9-708

A research copy — for the controlling text, always check the official state or federal source. Not legal advice.

Sec. 9-708. Persons 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 91st General Assembly; or

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