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Illinois Compiled Statutes

810 ILCS 5/9-504 (2026)

Indication of collateral

✓ current as of May 2026
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(810 ILCS 5/9-504) (from Ch. 26, par. 9-504)
    Sec. 9-504. Indication of collateral. A financing statement sufficiently indicates the collateral that it covers if the financing statement provides:
        (1) a description of the collateral pursuant to
    
Section 9-108; or
        (2) an indication that the financing statement covers
    
all assets or all personal property.
(Source: P.A. 91-893, eff. 7-1-01.)

    
Notes of Decisions
Cited in 3 cases, 1995–2001 · leading case: Travis v. Boulevard Bank N.A., 880 F. Supp. 1226 (N.D. Ill. 1995).
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Travis v. Boulevard Bank N.A., 880 F. Supp. 1226 (N.D. Ill. 1995). “” 810 ILCS 5/9-504(3) (emphasis added). Significantly, this section goes on to state that “[i]n the case of consumer goods to [sic] no other notification need be sent.”
Munao v. Lagattuta (Ill. App. Ct. 1998). · cites it 4× “tions after defendants returned the keys established one of the following: (1) an election to retain the collateral in full satisfaction of the debt under section 9-505(2) of the Uniform Commercial Code (the Code) (810 ILCS 5/9-505(2)(West 1996)); or (2) a sale of the collateral…”
Emrick v. First Nat'l Bank (Ill. App. Ct. 2001). “9-504(5) (now 810 ILCS 5/9-504(5) (West 2000)). That section states, "A person who is liable to a secured party under a guaranty *** and who *** is subrogated to his rights has thereafter the rights and duties of the secured party.”
— 810 ILCS 5/9-504(2) — 1 case
Munao v. Lagattuta (Ill. App. Ct. 1998). “tions after defendants returned the keys established one of the following: (1) an election to retain the collateral in full satisfaction of the debt under section 9-505(2) of the Uniform Commercial Code (the Code) (810 ILCS 5/9-505(2)(West 1996)); or (2) a sale of the collateral…”
— 810 ILCS 5/9-504(3) — 2 cases
Travis v. Boulevard Bank N.A., 880 F. Supp. 1226 (N.D. Ill. 1995). “” 810 ILCS 5/9-504(3) (emphasis added). Significantly, this section goes on to state that “[i]n the case of consumer goods to [sic] no other notification need be sent.”
Munao v. Lagattuta (Ill. App. Ct. 1998). “tions after defendants returned the keys established one of the following: (1) an election to retain the collateral in full satisfaction of the debt under section 9-505(2) of the Uniform Commercial Code (the Code) (810 ILCS 5/9-505(2)(West 1996)); or (2) a sale of the collateral…”
— 810 ILCS 5/9-504(5) — 1 case
Emrick v. First Nat'l Bank (Ill. App. Ct. 2001). “9-504(5) (now 810 ILCS 5/9-504(5) (West 2000)). That section states, "A person who is liable to a secured party under a guaranty *** and who *** is subrogated to his rights has thereafter the rights and duties of the secured party.”
Annotations are extracted automatically from the opinions in the Syfert caselaw corpus and ranked by authority, recency, and treatment. Dots show Syfertize treatment of the citing case itself.