Illinois Statutes

§ 9-109 — Scope

Illinois·Topic BUSINESS AND EMPLOYMENT·Ch. 810 COMMERCIAL CODE·Act 810 ILCS 5/ Uniform Commercial Code.·Art. Article 9 - Secured Transactions
(a)General scope of Article. Except as otherwise provided in subsections (c) and (d), this Article applies to:
(1)a transaction, regardless of its form, that creates a security interest in personal property or fixtures by contract;
(2)an agricultural lien;
(3)a sale of accounts, chattel paper, payment intangibles, or promissory notes;
(4)a consignment;
(5)a security interest arising under Section 2-401, 2-505, 2-711(3), or 2A-508(5), as provided in Section 9-110; and (6) a security interest arising under Section 4-210 or 5-118.
(b)Security interest in secured obligation. The application of this Article to a security interest in a secured obligation is not affected by the fact that the obligation is itself secured by a transaction or interest to which this Article does not apply.
(c)

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Legislative History

(Source: P.A. 91-893, eff. 7-1-01; 92-819, eff. 8-21-02.)

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