Illinois Code § 810 ILCS 5/9-107A

Control of controllable electronic record, controllable account, or controllable payment intangible.
Open in Lexace · Ask the AI about this section
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.

‹ Prev All Illinois sections Next ›


Lexace provides legal information, not legal advice, and no attorney–client relationship is created. Statute text is provided for general information and may not reflect the most recent amendments; verify against the official state code.