Bill Status of SB 3764   97th General Assembly

Short Description:  UCC-SECURED TRANSACTIONS

Senate Sponsors
Sen. Don Harmon

House Sponsors
(Rep. Michael J. Zalewski)


Last Action  View All Actions

DateChamber Action
  8/17/2012SenatePublic Act . . . . . . . . . 97-1034

Statutes Amended In Order of Appearance
810 ILCS 5/7-101from Ch. 26, par. 7-101

Synopsis As Introduced
Amends the Uniform Commercial Code. Makes a technical change in a Section concerning the short title of the Documents of Title Article.

Senate Committee Amendment No. 1
Deletes reference to:
810 ILCS 7-101
Adds reference to:
810 ILCS 5/2A-103from Ch. 26, par. 2A-103
810 ILCS 5/9-102from Ch. 26, par. 9-102
810 ILCS 5/9-105from Ch. 26, par. 9-105
810 ILCS 5/9-307from Ch. 26, par. 9-307
810 ILCS 5/9-311from Ch. 26, par. 9-311
810 ILCS 5/9-316from Ch. 26, par. 9-316
810 ILCS 5/9-317from Ch. 26, par. 9-317
810 ILCS 5/9-326
810 ILCS 5/9-406from Ch. 26, par. 9-406
810 ILCS 5/9-408from Ch. 26, par. 9-408
810 ILCS 5/9-502from Ch. 26, par. 9-502
810 ILCS 5/9-503from Ch. 26, par. 9-503
810 ILCS 5/9-507from Ch. 26, par. 9-507
810 ILCS 5/9-515
810 ILCS 5/9-516
810 ILCS 5/9-518
810 ILCS 5/9-521
810 ILCS 5/9-607
810 ILCS 5/9-625
810 ILCS 5/Art. 9 Pt. 8 heading new
810 ILCS 5/9-801 new
810 ILCS 5/9-802 new
810 ILCS 5/9-803 new
810 ILCS 5/9-804 new
810 ILCS 5/9-805 new
810 ILCS 5/9-806 new
810 ILCS 5/9-807 new
810 ILCS 5/9-808 new
810 ILCS 5/9-809 new

Replaces everything after the enacting clause. Amends the Uniform Commercial Code to adopt changes recommended by the National Conference of Commissioners on Uniform State Laws with respect to the secured transactions Article of the Code. Establishes a transition schedule. Effective July 1, 2013.

Senate Floor Amendment No. 2
Makes changes with respect to the priority of security interests created by a new debtor. Provides that the priority among conflicting security interests in the same collateral is determined under provisions of Part 3 of Article 9 of the Uniform Commercial Code. Makes a technical correction. Adds captions to certain subsections.

Actions 
DateChamber Action
  2/10/2012SenateFiled with Secretary by Sen. Don Harmon
  2/10/2012SenateFirst Reading
  2/10/2012SenateReferred to Assignments
  2/17/2012SenateAssigned to Judiciary
  2/28/2012SenatePostponed - Judiciary
  3/2/2012SenateSenate Committee Amendment No. 1 Filed with Secretary by Sen. Don Harmon
  3/2/2012SenateSenate Committee Amendment No. 1 Referred to Assignments
  3/6/2012SenateSenate Committee Amendment No. 1 Assignments Refers to Judiciary
  3/6/2012SenateSenate Committee Amendment No. 1 Adopted
  3/7/2012SenateDo Pass as Amended Judiciary; 010-000-000
  3/7/2012SenatePlaced on Calendar Order of 2nd Reading March 8, 2012
  3/8/2012SenateSecond Reading
  3/8/2012SenatePlaced on Calendar Order of 3rd Reading March 21, 2012
  3/26/2012SenateSenate Floor Amendment No. 2 Filed with Secretary by Sen. Don Harmon
  3/26/2012SenateSenate Floor Amendment No. 2 Referred to Assignments
  3/26/2012SenateSenate Floor Amendment No. 2 Assignments Refers to Judiciary
  3/27/2012SenateSenate Floor Amendment No. 2 Recommend Do Adopt Judiciary; 010-000-000
  3/29/2012SenateRecalled to Second Reading
  3/29/2012SenateSenate Floor Amendment No. 2 Adopted; Harmon
  3/29/2012SenatePlaced on Calendar Order of 3rd Reading
  3/29/2012SenateThird Reading - Passed; 055-000-000
  3/29/2012HouseArrived in House
  4/18/2012HouseChief House Sponsor Rep. Michael J. Zalewski
  4/18/2012HousePlaced on Calendar Order of First Reading
  4/18/2012HouseFirst Reading
  4/18/2012HouseReferred to Rules Committee
  5/11/2012HouseCommittee Deadline Extended-Rule 9(b) May 18, 2012
  5/11/2012HouseAssigned to Judiciary I - Civil Law Committee
  5/17/2012HouseDo Pass / Short Debate Judiciary I - Civil Law Committee; 011-000-000
  5/17/2012HousePlaced on Calendar 2nd Reading - Short Debate
  5/21/2012HouseSecond Reading - Short Debate
  5/21/2012HousePlaced on Calendar Order of 3rd Reading - Short Debate
  5/25/2012HouseFinal Action Deadline Extended-9(b) May 31, 2012
  5/26/2012HouseThird Reading - Short Debate - Passed 109-000-000
  5/26/2012SenatePassed Both Houses
  6/22/2012SenateSent to the Governor
  8/17/2012SenateGovernor Approved
  8/17/2012SenateEffective Date July 1, 2013
  8/17/2012SenatePublic Act . . . . . . . . . 97-1034

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