Chapter 810, COMMERCIAL CODE

(810 ILCS 5/9-805) Sec. 9-805. Effectiveness of action taken before the effective date of this amendatory Act of the 97th General Assembly. (a) Pre-effective-date filing effective. The filing of a financing statement before the effective date of this amendatory Act of the 97th Ge…

(810 ILCS 5/9-806) Sec. 9-806. When initial financing statement suffices to continue effectiveness of financing statement. (a) Initial financing statement in lieu of continuation statement. The filing of an initial financing statement in the office specified in Section 9-501 cont…

(810 ILCS 5/9-807) Sec. 9-807. Amendment of pre-effective-date financing statement. (a) "Pre-effective-date financing statement". In this Section, "pre-effective-date financing statement" means a financing statement filed before the effective date of this amendatory Act of the 97…

(810 ILCS 5/9-808) Sec. 9-808. Person entitled to file initial financing statement or continuation statement. A person may file an initial financing statement or a continuation statement under this part if: (1) the secured party of record authorizes the filing; and (2) the filing…

(810 ILCS 5/9-809) Sec. 9-809. Priority. This Act determines the priority of conflicting claims to collateral. However, if the relative priorities of the claims were established before the effective date of this amendatory Act of the 97th General Assembly, Article 9 as it existed…

(810 ILCS 5/9-9901) (from Ch. 26, par. 9-9901) Sec. 9-9901. (Blank). (Source: P.A. 91-893, eff. 7-1-01.)

(810 ILCS 5/9-9902) (from Ch. 26, par. 9-9902) Sec. 9-9902. (Blank). (Source: P.A. 91-893, eff. 7-1-01.)

(810 ILCS 5/10-101) (from Ch. 26, par. 10-101) Sec. 10-101. Effective date. This Act shall take effect at midnight on July 1, 1962. It applies to transactions entered into and events occurring after that date. (Source: Laws 1961, 1st S.S., p. 7.)

(810 ILCS 5/10-102) (from Ch. 26, par. 10-102) Sec. 10-102. Specific repealer; provision for transition. (1) The following acts and parts of acts and all other acts and parts of acts inconsistent herewith are hereby repealed: "An Act in regard to negotiable instruments payable in…

(810 ILCS 5/10-103) (from Ch. 26, par. 10-103) Sec. 10-103. General repealer. Except as provided in the following Section, all acts and parts of acts inconsistent with this Act are hereby repealed. (Source: Laws 1961, p. 2101.)

(810 ILCS 5/11-101) (from Ch. 26, par. 11-101) Sec. 11-101. Effective Date. This amendatory Act of 1972 shall take effect at 12:01 A.M. on July 1, 1973. (Source: P.A. 77-2810.)

(810 ILCS 5/11-102) (from Ch. 26, par. 11-102) Sec. 11-102. Preservation of Old Transition Provision. The provisions of Article 10 of the "Uniform Commercial Code", approved July 31, 1961, as amended, shall continue to apply to this amendatory Act of 1972 and for this purpose the…

(810 ILCS 5/11-103) (from Ch. 26, par. 11-103) Sec. 11-103. Transition to Amendatory Act of 1972; General Rule. Transactions validly entered into after July 1, 1962 and before July 1, 1973 and which were subject to the provisions of the "Uniform Commercial Code", approved July 31…

(810 ILCS 5/11-104) (from Ch. 26, par. 11-104) Sec. 11-104. Transition Provision on Change or Requirement of Filing. A security interest for the perfection of which filing or the taking of possession was required under the Uniform Commercial Code, approved July 31, 1961, as amend…

(810 ILCS 5/11-105) (from Ch. 26, par. 11-105) Sec. 11-105. Transition Provision on Change of Place of Filing. (1) A financing statement or continuation statement filed prior to July 1, 1973 which shall not have lapsed prior to July 1, 1973 shall remain effective for the period p…

(810 ILCS 5/11-106) (from Ch. 26, par. 11-106) Sec. 11-106. Required Refilings. (1) If a security interest is perfected or has priority when this amendatory Act of 1972 takes effect as to all persons or as to certain persons without any filing or recording, and if the filing of a…

(810 ILCS 5/11-107) (from Ch. 26, par. 11-107) Sec. 11-107. Transition Provisions as to Priorities. Except as otherwise provided in Article 11, the Uniform Commercial Code, approved July 31, 1961, as amended, shall apply to any questions of priority if the positions of the partie…

(810 ILCS 5/11-108) (from Ch. 26, par. 11-108) Sec. 11-108. Presumption that Rule of Law Continues Unchanged. Unless a change in law has clearly been made, the provisions of this amendatory Act of 1972 shall be deemed declaratory of the meaning of the Uniform Commercial Code, app…

(810 ILCS 5/11A-101) (was 810 ILCS 5/12-101) Sec. 11A-101. Effective Date. This amendatory Act of 1987 shall take effect on January 1, 1988. (Source: P.A. 103-1036, eff. 1-1-25.)

(810 ILCS 5/11A-102) (was 810 ILCS 5/12-102) Sec. 11A-102. Transition to Amendatory Act of 1987. (1) Transactions validly entered into after July 1, 1962 and before January 1, 1988 and which were subject to the provisions of the "Uniform Commercial Code", approved July 31, 1961, …

(810 ILCS 5/12-101) (from Ch. 26, par. 12-101) Sec. 12-101. Title. This Article may be cited as Uniform Commercial Code--Controllable Electronic Records. (Source: P.A. 103-1036, eff. 1-1-25.)

(810 ILCS 5/12-102) (from Ch. 26, par. 12-102) Sec. 12-102. Definitions. (a) In this Article: (1) "Controllable electronic record" means a record stored in an electronic medium that can be subjected to control under Section 12-105. The term does not include a controllable account…

(810 ILCS 5/12-103) Sec. 12-103. Relation to Article 9 and consumer laws. (a) Article 9 governs in case of conflict. If there is conflict between this Article and Article 9, Article 9 governs. (b) Applicable consumer law and other laws. A transaction subject to this Article is su…

(810 ILCS 5/12-104) Sec. 12-104. Rights in controllable account, controllable electronic record, and controllable payment intangible. (a) Applicability of Section to controllable account and controllable payment intangible. This Section applies to the acquisition and purchase of …

(810 ILCS 5/12-105) Sec. 12-105. Control of controllable electronic record. (a) General rule: control of controllable electronic record. A person has control of a controllable electronic record if the electronic record, a record attached to or logically associated with the electr…

(810 ILCS 5/12-106) Sec. 12-106. Discharge of account debtor on controllable account or controllable payment intangible. (a) Discharge of account debtor. An account debtor on a controllable account or controllable payment intangible may discharge its obligation by paying: (1) the…

(810 ILCS 5/12-107) Sec. 12-107. Governing law. (a) Governing law: general rule. Except as provided in subsection (b), the local law of a controllable electronic record's jurisdiction governs a matter covered by this Article. (b) Governing law: Section 12-106. For a controllable …

(810 ILCS 5/12A-101) Sec. 12A-101. Title. This Article may be cited as Transitional Provisions for Uniform Commercial Code Amendments of the 103rd General Assembly. (Source: P.A. 103-1036, eff. 1-1-25.)

(810 ILCS 5/12A-102) Sec. 12A-102. Definitions. (a) In this Article: (1) "Adjustment date" means July 1, 2025, or the date that is one year after the effective date of this amendatory Act of the 103rd General Assembly, whichever is later. (2) "Article 12" means Article 12 of the …

(810 ILCS 5/12A-201) Sec. 12A-201. Saving clause. Except as provided in Part 3, a transaction validly entered into before the effective date of this amendatory Act of the 103rd General Assembly and the rights, duties, and interests flowing from the transaction remain valid therea…

(810 ILCS 5/12A-301) Sec. 12A-301. Saving clause. (a) Pre-effective-date transaction, lien, or interest. Except as provided in this Part, Article 9 as amended by this amendatory Act of the 103rd General Assembly and Article 12 apply to a transaction, lien, or other interest in pr…

(810 ILCS 5/12A-302) Sec. 12A-302. Security interest perfected before effective date. (a) Continuing perfection: perfection requirements satisfied. A security interest that is enforceable and perfected immediately before the effective date of this amendatory Act of the 103rd Gene…

(810 ILCS 5/12A-303) Sec. 12A-303. Security interest unperfected before effective date. A security interest that is enforceable immediately before the effective date of this amendatory Act of the 103rd General Assembly but is unperfected at that time: (1) remains an enforceable s…

(810 ILCS 5/12A-304) Sec. 12A-304. Effectiveness of actions taken before effective date. (a) Pre-effective-date action; attachment and perfection before adjustment date. If action, other than the filing of a financing statement, is taken before the effective date of this amendato…

(810 ILCS 5/12A-305) Sec. 12A-305. Priority. (a) Determination of priority. Subject to subsections (b) and (c), this amendatory Act of the 103rd General Assembly determines the priority of conflicting claims to collateral. (b) Established priorities. Subject to subsection (c), if…

(810 ILCS 5/12A-306) Sec. 12A-306. Priority of claims when priority rules of Article 9 do not apply. (a) Determination of priority. Subject to subsections (b) and (c), Article 12 determines the priority of conflicting claims to Article 12 property when the priority rules of Artic…

(810 ILCS 5/13-101) Sec. 13-101. Effective date. This amendatory Act of 1996 takes effect on January 1, 1997. (Source: P.A. 89-534, eff. 1-1-97.)

(810 ILCS 5/13-102) Sec. 13-102. Applicability. This amendatory Act of 1996 applies to a letter of credit that is issued on or after the effective date of this amendatory Act of 1996. This amendatory Act of 1996 does not apply to a transaction, event, obligation, or duty arising …

(810 ILCS 5/13-103) Sec. 13-103. Savings clause. A transaction arising out of or associated with a letter of credit that was issued before the effective date of this amendatory Act of 1996 and the rights, obligations, and interests flowing from that transaction are governed by an…