Updating the database of the Illinois Compiled Statutes (ILCS) is an ongoing process.
Recent laws may not yet be included in the ILCS database, but they are found on this site as
Public
Acts soon after they become law. For information concerning the relationship between statutes and Public Acts, refer to the
Guide.
Because the statute database is maintained primarily for legislative drafting purposes,
statutory changes are sometimes included in the statute database before they take effect.
If the source note at the end of a Section of the statutes includes a Public Act that has
not yet taken effect, the version of the law that is currently in effect may have already
been removed from the database and you should refer to that Public Act to see the changes
made to the current law.
(810 ILCS 5/9-309) (from Ch. 26, par. 9-309)
Sec. 9-309.
Security interest perfected upon attachment.
The following
security interests are perfected when they attach:
(1) a purchase-money security interest in consumer |
| goods, except as otherwise provided in Section 9-311(b) with respect to consumer goods that are subject to a statute or treaty described in Section 9-311(a);
|
|
(2) an assignment of accounts or payment intangibles
|
| which does not by itself or in conjunction with other assignments to the same assignee transfer a significant part of the assignor's outstanding accounts or payment intangibles;
|
|
(3) a sale of a payment intangible;
(4) a sale of a promissory note;
(5) a security interest created by the assignment of
|
| a health-care-insurance receivable to the provider of the health-care goods or services;
|
|
(6) a security interest arising under Section 2-401,
|
| 2-505, 2-711(3), or 2A-508(5), until the debtor obtains possession of the collateral;
|
|
(7) a security interest of a collecting bank arising
|
|
(8) a security interest of an issuer or nominated
|
| person arising under Section 5-118;
|
|
(9) a security interest arising in the delivery of a
|
| financial asset under Section 9-206(c);
|
|
(10) a security interest in investment property
|
| created by a broker or securities intermediary;
|
|
(11) a security interest in a commodity contract or a
|
| commodity account created by a commodity intermediary;
|
|
(12) an assignment for the benefit of all creditors
|
| of the transferor and subsequent transfers by the assignee thereunder; and
|
|
(13) a security interest created by an assignment of
|
| a beneficial interest in a decedent's estate.
|
|
(Source: P.A. 91-893, eff. 7-1-01.)
|
