Sec. 9-804. Security interest unperfected before the effective date of this amendatory Act of the 97th General Assembly.
106 words·~1 min read·
/il/chapter-810/act-5/9-804A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
Sec. 9-804. Security interest unperfected before the effective date of this amendatory Act of the 97th General Assembly. A security interest that is an unperfected security interest immediately before the effective date of this amendatory Act of the 97th General Assembly becomes a perfected security interest:
(1)without further action, when this amendatory Act of the 97th General Assembly
takes effect if the applicable requirements for perfection under Article 9 as amended by this amendatory Act of the 97th General Assembly are satisfied before or at that time; or
(2)when the applicable requirements for perfection are satisfied if the requirements
are satisfied after that time.