Ill. Admin. Code tit. 11 § 1800.910

Current through Register Vol. 48, No. 39, September 27, 2024

Section 1800.910 - Approvals Required, Applicability, Scope of Approval

a) A person may not enforce a security interest in gaming property collateral except as set forth in this Subpart. Any attempt to enforce a security interest is void if the secured party has not complied with the requirements of this Subpart.

b) This Subpart does not apply to the enforcement of a security interest in property other than gaming property collateral.

c) Compliance with this Subpart does not constitute any of the following:

1) a determination by the Board as to the validity or enforceability of a security interest;

2) licensing eligibility;

3) approval of any other sale, transfer or other disposition of the gaming property collateral after the enforcement of the security interest.

Ill. Admin. Code tit. 11, § 1800.910

Added at 35 Ill. Reg. 1369, effective January 5, 2011