Illinois Administrative Code › Title 14 - COMMERCE › Part 180 - UNIFORM COMMERCIAL CODE › Section 180.10 - Definitions

Current through Register Vol. 48, No. 28, July 12, 2024
"Amendment" means a UCC record that amends the information
				contained in a financing statement. Amendments include assignments,
				continuations and terminations.
"Assignment" means an amendment that assigns all or a part of a
				secured party's power to authorize an amendment to a financing
				statement.
"Continuation statement" shall have the meaning prescribed by
				Section 9-102(27) of the UCC.
"Correction statement" means a UCC record that indicates that a
				financing statement is inaccurate or wrongfully filed.
"Department" means the Department of Business Services of the
				Office of the Secretary of State.
"Director" means the Director of the Department.
"File number" shall have the meaning prescribed by Section
				9-519(b) of the UCC [810
				ILCS 5/9-519(b) ].
"Filing office" and "filing officer" means Secretary of State
				(see Section 9-501 of the UCC [810 ILCS
				5/9-501 ]).
"Filing officer statement" means a statement entered into the
				filing office's
information system to correct an error by the filing
				office.
"Financing statement" shall have the meaning prescribed by
				Section 9-102(39) of the UCC [810 ILCS
				5/9-102(39) ].
"Individual" means a human being or a decedent, in the case of
				a debtor that is the decedent's estate.
"Initial financing statement" means a UCC record that does not
				identify itself as an amendment or identify an initial financing statement to
				which it relates, as required by Section 9-512, 9-514 or 9-518 of the UCC [810
				ILCS 5/9-512, 9 -514 or 9-518].
"Online services" means the interactive computer applications
				for UCC document filing and search functions, including direct computer access,
				available on the Illinois Secretary of State web site.
"Organization" means a legal person who is not an
				individual.
"Remitter" means a person who tenders a UCC record to the
				filing officer for filing, whether the person is a filer or an agent of a filer
				responsible for tendering the record for filing. "Remitter" does not include a
				person responsible merely for the delivery of the record to the filing office,
				such as the postal service or a courier service, but does include a service
				provider who acts as a filer's representative in the filing process.
"Secretary" means the Secretary of State of Illinois.
"Secured party of record" shall have the meaning prescribed in
				Section 9-511 of the UCC [810 ILCS
				5/9-511 ].
"Termination statement" shall have the meaning prescribed by
				Section 9-102(79) of the UCC [810 ILCS
				5/9-102(79) ].
"UCC" means the Uniform Commercial Code-Secured Transactions as
				adopted in this State at 810 ILCS 5 /Art. 9.
"UCC Division" means that unit of the Department that records,
				maintains, supplies copies, and otherwise administers the UCC.
"UCC record" means an initial financing statement, an
				amendment, an assignment, a continuation, a termination, or a correction
				statement, and shall not be deemed to refer exclusively to paper-based
				writings.