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Illinois Compiled Statutes

810 ILCS 5/9-624 (2026)

Waiver

✓ current as of May 2026
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(810 ILCS 5/9-624)
    Sec. 9-624. Waiver.
    (a) Waiver of disposition notification. A debtor or secondary obligor may waive the right to notification of disposition of collateral under Section 9-611 only by an agreement to that effect entered into and signed after default.
    (b) Waiver of mandatory disposition. A debtor may waive the right to require disposition of collateral under Section 9-620(e) only by an agreement to that effect entered into and signed after default.
    (c) Waiver of redemption right. A debtor or secondary obligor may waive the right to redeem collateral under Section 9-623 only by an agreement to that effect entered into and signed after default.
(Source: P.A. 103-1036, eff. 1-1-25.)


 
    (810 ILCS 5/Art 9, P6, Sub 2 heading)
SUBPART 2. NONCOMPLIANCE WITH ARTICLE

    
Notes of Decisions
Cited in 1 case, 2013–2013 · leading case: Edgewater Growth Capital Partners LP v. H.I.G. Capital, Inc., 68 A.3d 197 (Del. Ch. 2013).
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Edgewater Growth Capital Partners LP v. H.I.G. Capital, Inc., 68 A.3d 197 (Del. Ch. 2013). “” 149 The plain language of 810 ILCS 5/9-624 does not instruct the court to look at the “fair value” of the transaction.”
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.