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Illinois Compiled Statutes

810 ILCS 5/9-314 (2026)

Perfection by control

✓ current as of May 2026
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(810 ILCS 5/9-314) (from Ch. 26, par. 9-314)
    Sec. 9-314. Perfection by control.
    (a) Perfection by control. A security interest in controllable accounts, controllable electronic records, controllable payment intangibles, deposit accounts, electronic documents, electronic money, investment property, or letter-of-credit rights or beneficial interests in Illinois land trusts may be perfected by control of the collateral under Section 7-106, 9-104, 9-105A, 9-106, 9-107, 9-107.1, or 9-107A.
    (b) Specified collateral: time of perfection by control; continuation of perfection. A security interest in controllable accounts, controllable electronic records, controllable payment intangibles, deposit accounts, electronic documents, electronic money, or letter-of-credit rights or beneficial interests in Illinois land trusts is perfected by control under Section 7-106, 9-104, 9-105A, 9-107, 9-107.1, or 9-107A not earlier than the time the secured party obtains control and remains perfected by control only while the secured party retains control.
    (c) Investment property: time of perfection by control; continuation of perfection. A security interest in investment property is perfected by control under Section 9-106 not earlier than the time the secured party obtains control and remains perfected by control until:
        (1) the secured party does not have control; and
        (2) one of the following occurs:
            (A) if the collateral is a certificated security,
        
the debtor has or acquires possession of the security certificate;
            (B) if the collateral is an uncertificated
        
security, the issuer has registered or registers the debtor as the registered owner; or
            (C) if the collateral is a security entitlement,
        
the debtor is or becomes the entitlement holder.
(Source: P.A. 103-1036, eff. 1-1-25.)

    
Notes of Decisions
Cited in 2 cases (1 in the last 5 years), 2015–2023 · leading case: Sign Builders, Inc. v. SVI Themed Constr. Solutions, Inc., 2015 IL App (1st) 142212 (Ill. App. Ct. 2015).
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Sign Builders, Inc. v. SVI Themed Constr. Solutions, Inc., 2015 IL App (1st) 142212 (Ill. App. Ct. 2015). “” 810 ILCS 5/9-314(b) (West 2010). ¶ 18 Section 9-104 states: “(a) Requirements for control.”
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).”
— 810 ILCS 5/9-314(b) — 1 case
Sign Builders, Inc. v. SVI Themed Constr. Solutions, Inc., 2015 IL App (1st) 142212 (Ill. App. Ct. 2015). “” 810 ILCS 5/9-314(b) (West 2010). ¶ 18 Section 9-104 states: “(a) Requirements for control.”
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