111-11-40 Termination.
(A)
Status of parties.The filing of a termination shall have no effect upon the status of any party to the financing statement or upon the status of the financing statement.(B)
Status of financing statement. A termination shall have no effect upon the status ofthe financing statement and the financing statement shall remain active in theinformation management system until one year after it lapses, unless thetermination relates to a financing statement that indicates it is filed against atransmitting utility, in which case the financing statement will become inactive oneyear after it is terminated with respect to all secured parties of record.111-11-40 2
Effective: 01/07/2011
R.C. 119.032 review dates: 10/21/2010 and 07/15/2015
CERTIFIED ELECTRONICALLY
Certification
12/27/2010
Date
Promulgated Under: 119.03
Statutory Authority: 1309.526
Rule Amplifies: 1309.513, 1309.519
Prior Effective Dates: 7/3/01 (Emer.), 9/20/01.
Document Information
- Effective Date:
- 1/7/2011
- File Date:
- 2010-12-27
- Last Day in Effect:
- 2011-01-07
- Five Year Review:
- Yes
- Rule File:
- 111-11-40_PH_FF_A_RU_20101227_1037.pdf
- Related Chapter/Rule NO.: (1)
- Ill. Adm. Code 111-11-40. Termination