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Illinois Compiled Statutes

810 ILCS 5/9-110 (2026)

Security interests arising under Article 2 or 2A

✓ current as of May 2026
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(810 ILCS 5/9-110) (from Ch. 26, par. 9-110)
    Sec. 9-110. Security interests arising under Article 2 or 2A. A security interest arising under Section 2-401, 2-505, 2-711(3), or 2A-508(5) is subject to this Article. However, until the debtor obtains possession of the goods:
        (1) the security interest is enforceable, even if
    
Section 9-203(b)(3) has not been satisfied;
        (2) filing is not required to perfect the security
    
interest;
        (3) the rights of the secured party after default by
    
the debtor are governed by Article 2 or 2A; and
        (4) the security interest has priority over a
    
conflicting security interest created by the debtor.
(Source: P.A. 91-893, eff. 7-1-01.)

    
Notes of Decisions
Cited in 2 cases, 1993–1993 · leading case: United States v. 105,800 Shares of Common Stock of Firstrock Bancorp, Inc., 830 F. Supp. 1101 (N.D. Ill. 1993).
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United States v. 105,800 Shares of Common Stock of Firstrock Bancorp, Inc., 830 F. Supp. 1101 (N.D. Ill. 1993). “See 810 ILCS 5/9-110 (1993) (formerly Ill.Rev.”
NBD Park Ridge Bank v. SRJ Enter., Inc. (In Re SRJ Enter., Inc.), 151 B.R. 198 (Bankr. N.D. Ill. 1993). · cites it 3× “Section 9-110 provides: “[f]or the purposes of this Article any description of personal property or real estate is sufficient whether or not it is specific if it reasonably identifies what is described:’ 810 ILCS 5/9-110 (1992) (emphasis added).”
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