House Sponsors: LEITCH. Senate Sponsors: O'MALLEY Short description: UNPERFECTED SECURITY INTEREST Synopsis of Bill as introduced: Amends the Uniform Commercial Code to provide that an unperfected security interest has priority over the rights of a lien creditor if the lien creditor is a trustee or receiver of a state or federally chartered financial institution and a security interest is granted by the financial institution. Effective immediately. Last action on Bill: PUBLIC ACT.............................. 90-0696 Last action date: 98-08-07 Location: House Amendments to Bill: AMENDMENTS ADOPTED: HOUSE - 0 SENATE - 0 END OF INQUIRY Full Text Bill Status