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Illinois Compiled Statutes

810 ILCS 5/9-104 (2026)

Control of deposit account

✓ current as of May 2026
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(810 ILCS 5/9-104) (from Ch. 26, par. 9-104)
    Sec. 9-104. Control of deposit account.
    (a) Requirements for control. A secured party has control of a deposit account if:
        (1) the secured party is the bank with which the
    
deposit account is maintained;
        (2) the debtor, secured party, and bank have agreed
    
in a signed record that the bank will comply with instructions originated by the secured party directing disposition of the funds in the deposit account without further consent by the debtor;
        (3) the secured party becomes the bank's customer
    
with respect to the deposit account; or
        (4) another person, other than the debtor:
            (A) has control of the deposit account and
        
acknowledges that it has control on behalf of the secured party; or
            (B) obtains control of the deposit account after
        
having acknowledged that it will obtain control of the deposit account on behalf of the secured party.
    (b) Debtor's right to direct disposition. A secured party that has satisfied subsection (a) has control, even if the debtor retains the right to direct the disposition of funds from the deposit account.
(Source: P.A. 103-1036, eff. 1-1-25.)

    
Notes of Decisions
Cited in 11 cases (1 in the last 5 years), 1994–2023 · leading case: Chicago Reg'l Council of Carpenters Pension Fund v. Van Der Laan (In re Van Der Laan), 556 B.R. 366 (Bankr. N.D. Ill. 2016).
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Chicago Reg'l Council of Carpenters Pension Fund v. Van Der Laan (In re Van Der Laan), 556 B.R. 366 (Bankr. N.D. Ill. 2016). “Lastly, a lien on the particular property in this case — a bank account— cannot be perfected by blanket hen or assignment of rents; such type of “intangible” can only be perfected by control, see 810 ILCS 5/9-104, 9-332, 9-327, or by service of a citation.”
In Re Doctors Hosp. of Hyde Park, Inc., 272 B.R. 677 (Bankr. N.D. Ill. 2002). “However, neither Section 9-104 nor its more recent incarnation, see 810 ILCS 5/9-109 (West 2001) (enumerating more detailed exceptions to Article 9’s applicability), provide any exclusion for the State or any exception for the Comptroller Act or any other statutory right to…”
Wiskup v. Liberty Buick Co., Inc., 953 F. Supp. 958 (N.D. Ill. 1997). “810 ILCS 5/9-104 lists a number of transactions excluded from Article 9.”
Sign Builders, Inc. v. SVI Themed Constr. Solutions, Inc., 2015 IL App (1st) 142212 (Ill. App. Ct. 2015). “" 810 ILCS 5/9-104(a) (West 2010). ¶ 19 In this case, the sole evidence of any secured interest by the petitioners in SVI's assets is the Note and accompanying security agreement, neither of which contain any reference to an account with Private Bank or any other bank.”
Bellevue Place Assocs. v. Caisse Centrale Des Banques Populaires (In Re Bellevue Place Assocs.), 173 B.R. 1009 (Bankr. N.D. Ill. 1994). “” 810 ILCS 5/9-104(j). Thus, Illinois real property law, not the IUCC, governs perfection of an interest in rents.”
Sign Builders, Inc. v. SVI Themed Constr. Solutions, Inc., 2015 IL App (1st) 142212 (Ill. App. Ct. 2015). “” 810 ILCS 5/9-104(a) (West 2010). ¶ 19 In this case, the sole evidence of any secured interest by the petitioners in SVI’s assets is the Note and accompanying security agreement, neither of which contain any reference to an account with Private Bank or any other bank.”
Westpfahl v. Clark (In re Westpfahl), 171 B.R. 330 (C.D. Ill. 1994). “810 ILCS 5/9-104(b). Thus, PLOTNER cannot bootstrap his status as holder of a statutory landlord’s hen to the umbrella of the Uniform Commercial Code by the filing of a UCC-1 financing statement.”
USS-UPI, LLC v. Millenia Prods. Grp., Inc., 2023 IL App (3d) 220283-U (Ill. App. Ct. 2023). “, 810 ILCS 5/9-314 (West 2022) (providing that a security interest in a deposit account is perfected when the secured party obtains control); 810 ILCS 5/9-104(a) (West 2022) (providing requirements for control).”
Zurich Am. Ins. Co. v. MB Fin. Bank N.A., 2020 IL App (1st) 190767-U (Ill. App. Ct. 2020). “810 ILCS 5/9-104(a) (West 2008); 810 ILCS 9-314 (West 2008); Sign Builders, Inc.”
Spina v. Toyota Motor Credit Corp. (Ill. App. Ct. 1998). “Assuming arguendo section 9-207 of the Illinois UCC can be interpreted as plaintiffs urge, namely, that money given as a security deposit in connection with an automobile lease may constitute "collateral" creating a "security interest" within the meaning of the UCC (see 810 ILCS…”
Henderson v. Roadway Express (Ill. App. Ct. 1999). “” 810 ILCS 5/9-104(g) (West 1998). An “annuity policy” is an “insurance policy providing for monthly or periodic pay ments to the insured.”
— 810 ILCS 5/9-104(a) — 4 cases
Sign Builders, Inc. v. SVI Themed Constr. Solutions, Inc., 2015 IL App (1st) 142212 (Ill. App. Ct. 2015). “" 810 ILCS 5/9-104(a) (West 2010). ¶ 19 In this case, the sole evidence of any secured interest by the petitioners in SVI's assets is the Note and accompanying security agreement, neither of which contain any reference to an account with Private Bank or any other bank.”
Sign Builders, Inc. v. SVI Themed Constr. Solutions, Inc., 2015 IL App (1st) 142212 (Ill. App. Ct. 2015). “” 810 ILCS 5/9-104(a) (West 2010). ¶ 19 In this case, the sole evidence of any secured interest by the petitioners in SVI’s assets is the Note and accompanying security agreement, neither of which contain any reference to an account with Private Bank or any other bank.”
USS-UPI, LLC v. Millenia Prods. Grp., Inc., 2023 IL App (3d) 220283-U (Ill. App. Ct. 2023). “, 810 ILCS 5/9-314 (West 2022) (providing that a security interest in a deposit account is perfected when the secured party obtains control); 810 ILCS 5/9-104(a) (West 2022) (providing requirements for control).”
Zurich Am. Ins. Co. v. MB Fin. Bank N.A., 2020 IL App (1st) 190767-U (Ill. App. Ct. 2020). “810 ILCS 5/9-104(a) (West 2008); 810 ILCS 9-314 (West 2008); Sign Builders, Inc.”
— 810 ILCS 5/9-104(b) — 1 case
Westpfahl v. Clark (In re Westpfahl), 171 B.R. 330 (C.D. Ill. 1994). “810 ILCS 5/9-104(b). Thus, PLOTNER cannot bootstrap his status as holder of a statutory landlord’s hen to the umbrella of the Uniform Commercial Code by the filing of a UCC-1 financing statement.”
— 810 ILCS 5/9-104(g) — 1 case
Henderson v. Roadway Express (Ill. App. Ct. 1999). “” 810 ILCS 5/9-104(g) (West 1998). An “annuity policy” is an “insurance policy providing for monthly or periodic pay ments to the insured.”
— 810 ILCS 5/9-104(j) — 1 case
Bellevue Place Assocs. v. Caisse Centrale Des Banques Populaires (In Re Bellevue Place Assocs.), 173 B.R. 1009 (Bankr. N.D. Ill. 1994). “” 810 ILCS 5/9-104(j). Thus, Illinois real property law, not the IUCC, governs perfection of an interest in rents.”
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