810 ILCS 5/9-107A

(810 ILCS 5/9-107A)

(This Section may contain text from a Public Act with a delayed effective date)

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.)