Public Act 095-0446
 
SB0355 Enrolled LRB095 04483 LCT 24531 b

    AN ACT concerning business.
 
    Be it enacted by the People of the State of Illinois,
represented in the General Assembly:
 
    Section 5. The Uniform Commercial Code is amended by
changing Section 9-516 as follows:
 
    (810 ILCS 5/9-516)
    Sec. 9-516. What constitutes filing; effectiveness of
filing.
    (a) What constitutes filing. Except as otherwise provided
in subsection (b), communication of a record to a filing office
and tender of the filing fee or acceptance of the record by the
filing office constitutes filing.
    (b) Refusal to accept record; filing does not occur. Filing
does not occur with respect to a record that a filing office
refuses to accept because:
        (1) the record is not communicated by a method or
    medium of communication authorized by the filing office;
        (2) an amount equal to or greater than the applicable
    filing fee is not tendered;
        (3) the filing office is unable to index the record
    because:
            (A) in the case of an initial financing statement,
        the record does not provide a name for the debtor;
            (B) in the case of an amendment or correction
        statement, the record:
                (i) does not identify the initial financing
            statement as required by Section 9-512 or 9-518, as
            applicable; or
                (ii) identifies an initial financing statement
            whose effectiveness has lapsed under Section
            9-515;
            (C) in the case of an initial financing statement
        that provides the name of a debtor identified as an
        individual or an amendment that provides a name of a
        debtor identified as an individual which was not
        previously provided in the financing statement to
        which the record relates, the record does not identify
        the debtor's last name; or
            (D) in the case of a record filed or recorded in
        the filing office described in Section 9-501(a)(1),
        the record does not provide a sufficient description of
        the real property to which it relates; or
            (E) in the case of a record submitted to the filing
        office described in Section 9-501(b), the debtor does
        not meet the definition of a transmitting utility as
        described in Section 9-102(a)(80);
        (3.5) in the case of an initial financing statement or
    an amendment, if the filing office believes in good faith
    that a document submitted for filing is being filed for the
    purpose of defrauding any person or harassing any person in
    the performance of duties as a public servant;
        (4) in the case of an initial financing statement or an
    amendment that adds a secured party of record, the record
    does not provide a name and mailing address for the secured
    party of record;
        (5) in the case of an initial financing statement or an
    amendment that provides a name of a debtor which was not
    previously provided in the financing statement to which the
    amendment relates, the record does not:
            (A) provide a mailing address for the debtor;
            (B) indicate whether the debtor is an individual or
        an organization; or
            (C) if the financing statement indicates that the
        debtor is an organization, provide:
                (i) a type of organization for the debtor;
                (ii) a jurisdiction of organization for the
            debtor; or
                (iii) an organizational identification number
            for the debtor or indicate that the debtor has
            none;
        (6) in the case of an assignment reflected in an
    initial financing statement under Section 9-514(a) or an
    amendment filed under Section 9-514(b), the record does not
    provide a name and mailing address for the assignee; or
        (7) in the case of a continuation statement, the record
    is not filed within the six-month period prescribed by
    Section 9-515(d).
    (c) Rules applicable to subsection (b). For purposes of
subsection (b):
        (1) a record does not provide information if the filing
    office is unable to read or decipher the information; and
        (2) a record that does not indicate that it is an
    amendment or identify an initial financing statement to
    which it relates, as required by Section 9-512, 9-514, or
    9-518, is an initial financing statement.
    (d) Refusal to accept record; record effective as filed
record. A record that is communicated to the filing office with
tender of the filing fee, but which the filing office refuses
to accept for a reason other than one set forth in subsection
(b), is effective as a filed record except as against a
purchaser of the collateral which gives value in reasonable
reliance upon the absence of the record from the files.
    (e) The Secretary of State may refuse to accept a record
for filing under subdivision (b)(3)(E) or (b)(3.5) only if the
refusal is approved by the Department of Business Services of
the Secretary of State and the General Counsel to the Secretary
of State.
(Source: P.A. 91-893, eff. 7-1-01.)