Illinois Code § 810 ILCS 5/9-205

Use or disposition of collateral permissible.
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(a) When security interest not invalid or fraudulent. A security interest
is not invalid or fraudulent against creditors solely because:

 
 
(1) the debtor has the right or ability to:

 
 
 
(A) use, commingle, or dispose of all or part of 
 
 
the collateral, including returned or repossessed goods;

 
 
 
(B) collect, compromise, enforce, or otherwise 
 
 
deal with collateral;

 
 
 
(C) accept the return of collateral or make 
 
 
repossessions; or

 
 
 
(D) use, commingle, or dispose of proceeds; or

 
 
(2) the secured party fails to require the debtor to 
 
account for proceeds or replace collateral.

 
(b) Requirements of possession not relaxed. This Section does not relax
the requirements of possession if attachment, perfection, or enforcement of a
security interest depends upon possession of the collateral by the secured
party.

the collateral, including returned or repossessed goods;
deal with collateral;
repossessions; or
account for proceeds or replace collateral.

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