(a) Except as otherwise provided in this part, public act 11-108* applies to a transaction or lien within its scope, even if the transaction or lien was entered into or created before July 1, 2013.
(b) Public act 11-108* does not affect an action, case or proceeding commenced before July 1, 2013.
(P.A. 11-108, S. 18.)
*Note: Public act 11-108 is entitled “An Act Concerning Amendments to Article 9 of the Uniform Commercial Code Concerning Secured Transactions”. (See Reference Table captioned “Public Acts of 2011” in Volume 16 which lists the sections amended, created or repealed by the act.)
History: P.A. 11-108 effective July 1, 2013.