Control of controllable electronic record, controllable account, or controllable payment intangible

810 ILCS 5/9-107A, under Short Title, Definitions, And General Concepts.

810 ILCS 5/9-107A

(810 ILCS 5/9-107A)     Sec. 9-107A. 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. (Source: P.A. 103-1036, eff. 1-1-25.)