(810 ILCS 5/12A-303) (This Section may contain text from a Public Act with a delayed effective date) Sec. 12A-303. Security interest unperfected before effective date. A security interest that is enforceable immediately before the effective date of this amendatory Act of the 103rd General Assembly but is unperfected at that time: (1) remains an enforceable security interest until the adjustment date; (2) remains enforceable thereafter if the security interest becomes enforceable under |
| Section 9-203, as amended by this amendatory Act of the 103rd General Assembly, on the effective date of this amendatory Act of the 103rd General Assembly or before the adjustment date; and
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(3) becomes perfected:
(A) without further action, on the effective date of this amendatory Act of the
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| 103rd General Assembly if the requirements for perfection under this amendatory Act of the 103rd General Assembly are satisfied before or at that time; or
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(B) when the requirements for perfection are satisfied if the requirements are
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| satisfied after that time.
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(Source: P.A. 103-1036, eff. 1-1-25.)
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