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(810 ILCS 5/9-310) (from Ch. 26, par. 9-310) (Text of Section before amendment by P.A. 103-1036) Sec. 9-310. When filing required to perfect security interest or
agricultural lien; security interests and agricultural liens to which filing
provisions do not apply. (a) General rule: perfection by filing. Except as otherwise
provided in subsection (b) and Section 9-312(b), a financing statement must be
filed to perfect all security interests and agricultural liens. (b) Exceptions: filing not necessary. The filing of a financing
statement is not necessary to perfect a security interest: (1) that is perfected under Section 9-308(d), (e), |
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(2) that is perfected under Section 9-309 when it
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(3) in property subject to a statute, regulation, or
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| treaty described in Section 9-311(a);
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(4) in goods in possession of a bailee which is
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| perfected under Section 9-312(d)(1) or (2);
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(5) in certificated securities, documents, goods, or
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| instruments which is perfected without filing, control, or possession under Section 9-312(e), (f), or (g);
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(6) in collateral in the secured party's possession
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(7) in a certificated security which is perfected by
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| delivery of the security certificate to the secured party under Section 9-313;
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(8) in deposit accounts, electronic chattel paper,
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| electronic documents, investment property, letter-of-credit rights, or beneficial interests in Illinois land trusts which is perfected by control under Section 9-314;
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(9) in proceeds which is perfected under Section
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(10) that is perfected under Section 9-316.
(c) Assignment of perfected security interest. If a secured party
assigns a perfected security interest or agricultural lien, a filing under this
Article is
not required to continue the perfected status of the security interest against
creditors
of and transferees from the original debtor.
(Source: P.A. 95-895, eff. 1-1-09.)
(Text of Section after amendment by P.A. 103-1036)
Sec. 9-310. When filing required to perfect security interest or agricultural lien; security interests and agricultural liens to which filing provisions do not apply.
(a) General rule: perfection by filing. Except as otherwise provided in subsection (b) and Section 9-312(b), a financing statement must be filed to perfect all security interests and agricultural liens.
(b) Exceptions: filing not necessary. The filing of a financing statement is not necessary to perfect a security interest:
(1) that is perfected under Section 9-308(d), (e),
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(2) that is perfected under Section 9-309 when it
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(3) in property subject to a statute, regulation, or
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| treaty described in Section 9-311(a);
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(4) in goods in possession of a bailee which is
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| perfected under Section 9-312(d)(1) or (2);
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(5) in certificated securities, documents, goods, or
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| instruments which is perfected without filing, control, or possession under Section 9-312(e), (f), or (g);
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(6) in collateral in the secured party's possession
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(7) in a certificated security which is perfected by
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| delivery of the security certificate to the secured party under Section 9-313;
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(8) in controllable accounts, controllable electronic
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| records, controllable payment intangibles, deposit accounts, electronic documents, investment property, letter-of-credit rights, or beneficial interests in Illinois land trusts which is perfected by control under Section 9-314;
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(8.1) in chattel paper which is perfected by
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| possession and control under Section 9-314A;
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(9) in proceeds which is perfected under Section
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(10) that is perfected under Section 9-316.
(c) Assignment of perfected security interest. If a secured party assigns a perfected security interest or agricultural lien, a filing under this Article is not required to continue the perfected status of the security interest against creditors of and transferees from the original debtor.
(Source: P.A. 103-1036, eff. 1-1-25.)
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