HOFFMAN. 810 ILCS 5/9-105 from Ch. 26, par. 9-105 810 ILCS 5/9-106 from Ch. 26, par. 9-106 810 ILCS 5/9-302 from Ch. 26, par. 9-302 Amends the Secured Transactions Article of the Uniform Commercial Code. Provides that "deposit account" includes certain accounts maintained with a bank as bank is defined in the Article on bank deposits and collections. Defines "non-negotiable certificate of deposit" and "non-transferable certificate of deposit" and includes them in the definition of "instrument". Defines "uncertificated certificate of deposit" as an obligation of a bank to repay a sum of money represented only by a writing in the books of the bank or documentation given to a customer, and provides that a filing is not required to perfect a security interest in an uncertificated certificate of deposit, but such interest is perfected when the security agreement is signed, or when the issuer acknowledges and consents to notice of perfection by the secured party. Effective immediately. FISCAL NOTE (Office of Banks and Real Estate) No fiscal impact for the Office of Banks and Real Estate. 98-02-17 H FILED WITH CLERK 98-02-17 H FIRST READING 98-02-17 H REFERRED TO HOUSE RULES COMMITTEE RULES 98-03-09 H FISCAL NOTE FILED 98-03-09 H COMMITTEE RULES 98-03-11 H ASSIGNED TO COMMITTEE FIN INSTIT 98-03-19 H DO PASS/SHORT DEBATE 024-000-000 HFIN 98-03-19 H PLACED CALENDAR 2ND READING-SHORT DEBATE 98-03-23 H SECOND READING-SHORT DEBATE 98-03-23 H PLCD CAL ORDER 3RD READING-SHORT DEBATE 98-03-25 H THIRD READING/SHORT DEBATE/PASSED 113-001-001 98-03-26 S ARRIVE IN SENATE 98-03-26 S PLACED CALENDAR ORDER OF FIRST READING 98-03-31 99-01-12 H SESSION SINE DIE END OF INQUIRY Full Text Bill Summary