(810 ILCS 5/9-205.1) (from Ch. 26, par. 9-205.1)
Sec. 9-205.1.
Listing by debtor of purchasers or receivers of
collateral. A secured party may require that the debtor include as
part of the security agreement a list of persons to whom the debtor desires
to sell or otherwise dispose of the collateral.
The debtor shall not sell or otherwise dispose of the collateral to a person
not included in that list unless the debtor has notified the secured party
of his desire to sell or otherwise dispose of the collateral to such person
at least 7 days prior to the sale or other disposition.
(Source: P.A. 91-893, eff. 7-1-01.)
|