NOLAND-POE. (MADIGAN,R) 810 ILCS 5/9-401 from Ch. 26, par. 9-401 810 ILCS 5/9-401A new Amends the Secured Transactions Article of the Uniform Commercial Code. Removes the provision that in order to perfect a security interest in equipment used in farming, farm products, items related to the sale of farm products by a farmer, or crops growing or to be grown, filing must occur in the office of the appropriate county recorder, instead of requiring filing in the office of the Secretary of State. Makes provisions for filings completed at county recorders offices before the effective date of this Amendatory Act of 1997. Effective January 1, 1998. HOUSE AMENDMENT NO. 1. Adds reference to: 55 ILCS 5/3-5018 from Ch. 34, par. 3-5018 810 ILCS 5/9-403 from Ch. 26, par. 9-403 Deletes everything. Reinserts language identical to the bill as introduced and additionally provides that on and after the effective date of this amendatory Act of 1997, a debtor who is a resident of Illinois using such items as collateral shall, within 30 days after filing with the Secretary of State, send to the recorder of the county of the debtor's residence, for informational purposes only, a copy of the financing statements filed with the Secretary of State, along with a $10 fee. Provides that these double filing requirements are inoperative after the earlier of July 1, 1999 or the effective date of changes made to the Code in conformance with recommendations of the National Conference of Commissioners on Uniform State Laws to make the office of the Secretary of State the proper place to file a financing statement described in these provisions. Provides that failure to file with the recorder does not affect the validity of the security interest. Amends the Counties Code to reflect changes to the Uniform Commercial Code. Effective January 1, 1998. 97-03-04 H FIRST READING 97-03-04 H REFERRED TO HOUSE RULES COMMITTEE RULES 97-03-05 H ASSIGNED TO COMMITTEE JUD-CIVIL LAW 97-03-07 H ADDED AS A JOINT SPONSOR POE 97-03-20 H DO PASS/STANDARD DEBATE 006-002-001 HJUA 97-03-20 H PLACED CAL 2ND READING-STANDARD DEBATE 97-04-09 H AMENDMENT NO. 01-NOLAND 97-04-09 H AMENDMENT REFERRED TO HRUL 97-04-09 H CALENDAR ORDER 2ND READING-STANDARD DBT 97-04-11 H AMENDMENT NO. 01-NOLAND 97-04-11 H BE ADOPTED HRUL/003-002-000 97-04-11 H CALENDAR ORDER 2ND READING-STANDARD DBT 97-04-12 H SECOND READING-STANDARD DEBATE 97-04-12 H AMENDMENT NO. 01-NOLAND 97-04-12 H ADOPTED 97-04-12 H PLCD CAL ORDER 3RD READING-STNDRD DEBATE 97-04-14 H THIRD READING/STANDARD DEBATE/PASS 116-002-000 97-04-15 S ARRIVE IN SENATE 97-04-15 S PLACED CALENDAR ORDER OF FIRST READING 97-047-23 97-04-23 S CHIEF SPONSOR MADIGAN 97-04-24 S FIRST READING 97-04-24 S REFERRED TO SENATE RULES COMMITTEE RULES 97-04-24 S ASSIGNED TO COMMITTEE FIN INST 97-05-08 S DO PASS 009-000-000 SFIC 97-05-08 S PLACED ON CALENDAR ORDER OF 2ND READING 97-05-09 97-05-09 S SECOND READING 97-05-09 S PLACED ON CALENDAR ORDER OF 3RD READING 97-05-12 97-05-15 S THIRD READING - PASSED 059-000-000 97-05-15 H PASSED BOTH HOUSES 97-06-13 H SENT TO THE GOVERNOR 97-08-01 H GOVERNOR APPROVED 97-08-01 H EFFECTIVE DATE 98-01-01 97-08-01 H PUBLIC ACT.............................. 90-0300 END OF INQUIRY Full Text Bill Summary