Illinois Statutes
§ 1-186 — Security interest
Illinois·Topic TRANSPORTATION·Ch. 625 VEHICLES·Act 625 ILCS 5/ Illinois Vehicle Code.·Art. Chapter 1 - Title And Definitions
An interest in a vehicle reserved or created by agreement and which secures payment or performance of an obligation. The term includes the interest of a lessor under a lease intended as security. A security interest is "perfected" when it is valid against third parties generally, subject only to specific statutory exceptions.
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Illinois § 1-186 (Security interest) — published by Counsel Stack Legal Research, free access to 12M+ legal documents.
Legislative History
(Source: P.A. 76-1586.)
Nearby Sections
15
§ 1
Short title§ 1-100
Short Title§ 1-101.05
Abandoned vehicle§ 1-101.1
Act§ 1-101.1a
Administrative decision§ 1-101.2
Affirmation§ 1-101.3
(Repealed)§ 1-101.5
Agency§ 1-101.6
(Repealed)§ 1-101.8
All-terrain vehicle§ 1-102
Alley§ 1-102.01
Ambulance§ 1-102.02
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