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UCC Article 9 Amendments

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Chicago Legal Latte

Chicago Legal Latte

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Illinois has enacted certain amendments to Article 9 of its Uniform Commercial Code, 810 ILCS 5/9-101 et seq. (“UCC”), governing how personal property and fixtures act as collateral for loans.  They became effective July 1, 2013.  This podcast discusses those amendments and their impact on loan documentation and administration.

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