Illinois Statutes
§ 9-107A
Illinois·Topic BUSINESS AND EMPLOYMENT·Ch. 810 COMMERCIAL CODE·Act 810 ILCS 5/ Uniform Commercial Code.·Art. Article 9 - Secured Transactions
Control of controllable electronic record, controllable account, or controllable payment intangible.
(a)Control under Section 12-105. A secured party has control of a controllable electronic record as provided in Section 12-105.
(b)Control of controllable account and controllable payment intangible. A secured party has control of a controllable account or controllable payment intangible if the secured party has control of the controllable electronic record that evidences the controllable account or controllable payment intangible.
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Legislative History
(Source: P.A. 103-1036, eff. 1-1-25 .)
Nearby Sections
15
§ 9-101
Short title§ 9-103
§ 9-103§ 9-104
Control of deposit account§ 9-105
§ 9-105§ 9-105A
Control of electronic money§ 9-107A
§ 9-107A§ 9-108
Sufficiency of description§ 9-109
Scope§ 9-112
(Blank)