reglab/housing_qa huggingface dataset:
810 ILCS 5/9-336
2021 Illinois Compiled Statutes|Chapter 810 - COMMERCIAL CODE|810 ILCS 5/ - Uniform Commercial Code.|Article 9 - Secured Transactions

Sec. 9-336.     Commingled goods.(a) "Commingled goods."  In this Section, "commingled goods"  means goods that are physically united with other goods in such a manner that  their  identity is lost in a product or mass.(b) No security interest in commingled goods as such.  A security  interest does not exist in commingled goods as such.  However, a security  interest  may attach to a product or mass that results when goods become commingled  goods.(c) Attachment of security interest to product or mass.  If  collateral becomes commingled goods, a security interest attaches to the product or  mass.(d) Perfection of security interest.  If a security interest in  collateral is perfected before the collateral becomes commingled goods, the  security interest that attaches to the product or mass under subsection (c) is  perfected.(e) Priority of security interest.  Except as otherwise provided in  subsection (f), the other provisions of this Part determine the priority of a security  interest that attaches to the product or mass under subsection (c).(f) Conflicting security interests in product or mass  If more than  one security interest attaches to the product or mass under subsection (c), the  following rules determine priority:(1) A security interest that is perfected under     subsection (d) has priority over a security interest that is unperfected at the time the collateral becomes commingled goods.(2) If more than one security interest is perfected     under subsection (d), the security interests rank equally in proportion to the value of the collateral at the time it became commingled goods.   (Source: P.A. 91-893, eff. 7-1-01.)
810 ILCS 5/9-337
2021 Illinois Compiled Statutes|Chapter 810 - COMMERCIAL CODE|810 ILCS 5/ - Uniform Commercial Code.|Article 9 - Secured Transactions

Sec. 9-337.         Priority of security interests in goods covered by certificate  of title.  If, while a security interest in goods is perfected by any method  under the  law of another jurisdiction, this State issues a certificate of title that does  not show  that the goods are subject to the security interest or contain a statement that  they  may be subject to security interests not shown on the certificate:(1) a buyer of the goods, other than a person in the     business of selling goods of that kind, takes free of the security interest if the buyer gives value and receives delivery of the goods after issuance of the certificate and without knowledge of the security interest; and(2) the security interest is subordinate to a     conflicting security interest in the goods that attaches, and is perfected under Section 9-311(b), after issuance of the certificate and without the conflicting secured party's knowledge of the security interest.   (Source: P.A. 91-893, eff. 7-1-01.)
810 ILCS 5/9-338
2021 Illinois Compiled Statutes|Chapter 810 - COMMERCIAL CODE|810 ILCS 5/ - Uniform Commercial Code.|Article 9 - Secured Transactions

Sec. 9-338. Priority of security interest or agricultural lien perfected  by  filed financing statement providing certain incorrect information.  If a  security  interest or agricultural lien is perfected by a filed financing statement  providing  information described in Section 9-516(b)(5) which is incorrect at the time the  financing statement is filed:(1) the security interest or agricultural lien is     subordinate to a conflicting perfected security interest in the collateral to the extent that the holder of the conflicting security interest gives value in reasonable reliance upon the incorrect information; and(2) a purchaser, other than a secured party, of the     collateral takes free of the security interest or agricultural lien to the extent that, in reasonable reliance upon the incorrect information, the purchaser gives value and, in the case of tangible chattel paper, tangible documents, goods, instruments, or a security certificate, receives delivery of the collateral. (Source: P.A. 95-895, eff. 1-1-09.)
810 ILCS 5/9-339
2021 Illinois Compiled Statutes|Chapter 810 - COMMERCIAL CODE|810 ILCS 5/ - Uniform Commercial Code.|Article 9 - Secured Transactions

Sec. 9-339.     Priority subject to subordination.     This Article does not  preclude subordination by agreement by a person entitled to priority.    (Source: P.A. 91-893, eff. 7-1-01.)
810 ILCS 5/Art. 9 Pt. 3 Sub. 4 heading
2021 Illinois Compiled Statutes|Chapter 810 - COMMERCIAL CODE|810 ILCS 5/ - Uniform Commercial Code.|Article 9 - Secured Transactions

 SUBPART 4.      RIGHTS OF BANK
810 ILCS 5/9-340
2021 Illinois Compiled Statutes|Chapter 810 - COMMERCIAL CODE|810 ILCS 5/ - Uniform Commercial Code.|Article 9 - Secured Transactions

Sec. 9-340.         Effectiveness of right of recoupment or set-off against  deposit account.(a) Exercise of recoupment or set-off.  Except as otherwise  provided in subsection (c), a bank with which a deposit account is maintained  may  exercise any right of recoupment or set-off against a secured party that holds  a  security interest in the deposit account.(b) Recoupment or set-off not affected by security interest.  Except as otherwise provided in subsection (c), the application of this Article  to a  security interest in a deposit account does not affect a right of recoupment or  set-off  of the secured party as to a deposit account maintained with the secured party.(c) When set-off ineffective.  The exercise by a bank of a set-off  against a deposit account is ineffective against a secured party that holds a  security  interest in the deposit account which is perfected by control under Section  9-104(a)(3), if the set-off is based on a claim against the debtor.    (Source: P.A. 91-893, eff. 7-1-01.)
810 ILCS 5/9-341
2021 Illinois Compiled Statutes|Chapter 810 - COMMERCIAL CODE|810 ILCS 5/ - Uniform Commercial Code.|Article 9 - Secured Transactions

Sec. 9-341.     Bank's rights and duties with respect to deposit account.     Except as otherwise provided in Section 9-340(c), and unless the bank otherwise  agrees in an authenticated record, a bank's rights and duties with respect to a  deposit account maintained with the bank are not terminated, suspended, or  modified by:(1) the creation, attachment, or perfection of a     security interest in the deposit account;(2) the bank's knowledge of the security interest; or(3) the bank's receipt of instructions from the     secured party.   (Source: P.A. 91-893, eff. 7-1-01.)
810 ILCS 5/9-342
2021 Illinois Compiled Statutes|Chapter 810 - COMMERCIAL CODE|810 ILCS 5/ - Uniform Commercial Code.|Article 9 - Secured Transactions

Sec. 9-342.         Bank's right to refuse to enter into or disclose existence of  control agreement.  This Article does not require a bank to enter into an  agreement of the kind described in Section 9-104(a)(2), even if its customer so  requests or directs.  A bank that has entered into such an agreement is not  required  to confirm the existence of the agreement to another person unless requested to  do  so by its customer.    (Source: P.A. 91-893, eff. 7-1-01.)
810 ILCS 5/Art. 9 Pt. 4 heading
2021 Illinois Compiled Statutes|Chapter 810 - COMMERCIAL CODE|810 ILCS 5/ - Uniform Commercial Code.|Article 9 - Secured Transactions

 PART 4.      RIGHTS OF THIRD PARTIES
810 ILCS 5/9-401
2021 Illinois Compiled Statutes|Chapter 810 - COMMERCIAL CODE|810 ILCS 5/ - Uniform Commercial Code.|Article 9 - Secured Transactions

 (from Ch. 26, par. 9-401)Sec. 9-401.     Alienability of debtor's rights.(a) Other law governs alienability; exceptions.  Except as  otherwise provided in subsection (b) and Sections 9-406, 9-407, 9-408, and  9-409,  whether a debtor's rights in collateral may be voluntarily or involuntarily  transferred is governed by law other than this Article.(b) Agreement does not prevent transfer.  An agreement between  the debtor and secured party which prohibits a transfer of the debtor's rights  in  collateral or makes the transfer a default does not prevent the transfer from  taking  effect.    (Source: P.A. 90-300, eff. 1-1-98; 91-893, eff. 7-1-01.)
810 ILCS 5/9-401A
2021 Illinois Compiled Statutes|Chapter 810 - COMMERCIAL CODE|810 ILCS 5/ - Uniform Commercial Code.|Article 9 - Secured Transactions

Sec. 9-401A.     (Blank).     (Source: P.A. 90-300, eff. 1-1-98; 91-893, eff. 7-1-01.)
810 ILCS 5/9-402
2021 Illinois Compiled Statutes|Chapter 810 - COMMERCIAL CODE|810 ILCS 5/ - Uniform Commercial Code.|Article 9 - Secured Transactions

 (from Ch. 26, par. 9-402)Sec. 9-402.     Secured party not obligated on contract of debtor or in tort.     The existence of a security interest, agricultural lien, or authority given to  a debtor  to dispose of or use collateral, without more, does not subject a secured party  to  liability in contract or tort for the debtor's acts or omissions.    (Source: P.A. 91-357, eff. 7-29-99; 91-893, eff. 7-1-01.)
810 ILCS 5/9-403
2021 Illinois Compiled Statutes|Chapter 810 - COMMERCIAL CODE|810 ILCS 5/ - Uniform Commercial Code.|Article 9 - Secured Transactions

 (from Ch. 26, par. 9-403)Sec. 9-403.     Agreement not to assert defenses against assignee.(a) "Value."  In this Section, "value" has the meaning provided in  Section 3-303(a).(b) Agreement not to assert claim or defense.  Except as  otherwise provided in this Section, an agreement between an account debtor and  an  assignor not to assert against an assignee any claim or defense that the  account  debtor may have against the assignor is enforceable by an assignee that takes  an  assignment:(1) for value;(2) in good faith;(3) without notice of a claim of a property or     possessory right to the property assigned; and(4) without notice of a defense or claim in     recoupment of the type that may be asserted against a person entitled to enforce a negotiable instrument under Section 3-305(a).(c) When subsection (b) not applicable.  Subsection (b) does not  apply to defenses of a type that may be asserted against a holder in due course of a  negotiable instrument under Section 3-305(b).(d) Omission of required statement in consumer transaction.  In  a consumer transaction, if a record evidences the account debtor's obligation, law  other than this Article requires that the record include a statement to the effect that  the rights of an assignee are subject to claims or defenses that the account debtor  could assert against the original obligee, and the record does not include such a  statement:(1) the record has the same effect as if the record     included such a statement; and(2) the account debtor may assert against an assignee     those claims and defenses that would have been available if the record included such a statement.(e) Rule for individual under other law.  This Section is subject  to law other than this Article which establishes a different rule for an account  debtor who is an individual and who incurred the obligation primarily for personal,  family, or household purposes.(f) Other law not displaced.  Except as otherwise provided in  subsection (d), this Section does not displace law other than this Article which  gives effect to an agreement by an account debtor not to assert a claim or  defense  against an assignee.    (Source: P.A. 90-300, eff. 1-1-98; 91-357, eff. 7-29-99; 91-893, eff.  7-1-01.)
810 ILCS 5/9-404
2021 Illinois Compiled Statutes|Chapter 810 - COMMERCIAL CODE|810 ILCS 5/ - Uniform Commercial Code.|Article 9 - Secured Transactions

 (from Ch. 26, par. 9-404)Sec. 9-404.         Rights acquired by assignee; claims and defenses against  assignee.(a) Assignee's rights subject to terms, claims, and defenses;  exceptions.  Unless an account debtor has made an enforceable agreement not to  assert defenses or claims, and subject to subsections (b) through (e), the  rights of an  assignee are subject to:(1) all terms of the agreement between the account     debtor and assignor and any defense or claim in recoupment arising from the transaction that gave rise to the contract; and(2) any other defense or claim of the account debtor     against the assignor which accrues before the account debtor receives a notification of the assignment authenticated by the assignor or the assignee.(b) Account debtor's claim reduces amount owed to assignee.  Subject to subsection (c) and except as otherwise provided in subsection (d), the  claim of an account debtor against an assignor may be asserted against an assignee  under subsection (a) only to reduce the amount the account debtor owes.(c) Rule for individual under other law.  This Section is subject  to law other than this Article which establishes a different rule for an account  debtor who is an individual and who incurred the obligation primarily for personal,  family, or household purposes.(d) Omission of required statement in consumer transaction.  In  a consumer transaction, if a record evidences the account debtor's obligation,  law  other than this Article requires that the record include a statement to the  effect that  the account debtor's recovery against an assignee with respect to claims and  defenses against the assignor may not exceed amounts paid by the account debtor  under the record, and the record does not include such a statement, the extent  to  which a claim of an account debtor against the assignor may be asserted against  an  assignee is determined as if the record included such a statement.(e) Inapplicability to health-care-insurance receivable.  This  Section does not apply to an assignment of a health-care-insurance  receivable.    (Source: P.A. 91-893, eff. 7-1-01.)
810 ILCS 5/9-404.5
2021 Illinois Compiled Statutes|Chapter 810 - COMMERCIAL CODE|810 ILCS 5/ - Uniform Commercial Code.|Article 9 - Secured Transactions

Sec. 9-404.5.     Termination statement; duties of filing officer.(1) If a financing statement covering consumer goods is filed on or  after July 1, 1973, then within one  month or within 10 days following written demand by the debtor after there  is no outstanding secured obligation and no commitment to make advances,  incur obligations or otherwise give value, the secured party must file with  each filing officer with whom the financing statement was filed, a  termination statement to the effect that he no longer claims a security  interest under the financing statement, which shall be identified by file  number. In other cases whenever there is no outstanding secured obligation  and no commitment to make advances, incur obligations or otherwise give  value, the secured party must on written demand by the debtor send the  debtor, for each filing officer with whom the financing statement was  filed, a termination statement to the effect that he no longer claims a  security interest under the financing statement, which shall be identified  by file number. A termination statement signed by a person other than the  secured party of record must be accompanied by a separate written statement  of assignment signed by the secured party of record.  If  the affected secured party fails to file such a termination statement as  required by this subsection, or to send such a termination statement within  10 days after proper demand therefor, he shall be liable to the debtor for  $100 and in addition for any loss caused to the debtor by such failure.(2) On presentation to the filing officer of such a termination  statement he must note it in the index. If he has received the termination  statement in duplicate, he shall return one copy of the termination  statement to the secured party stamped to show the time of receipt thereof.  If the filing officer has a microfilm or other photographic record of the  financing statement, and of any related continuation statement, statement  of assignment and statement of release, he may remove the originals from  the files at any time after receipt of the termination statement, or if he  has no such record, he may remove them from the files at any time after one  year after receipt of the termination statement.(3) If the termination statement is in the standard form prescribed by the  Secretary  of State, the uniform fee for filing and indexing the termination statement in  the office of  a county recorder shall be $5 and otherwise shall be $10, plus in each case an  additional  fee of $5 for each name more than one at each address listed against which the  termination statement is required to be indexed.    (Source: P.A. 91-893, eff. 7-6-00.)
810 ILCS 5/9-405
2021 Illinois Compiled Statutes|Chapter 810 - COMMERCIAL CODE|810 ILCS 5/ - Uniform Commercial Code.|Article 9 - Secured Transactions

 (from Ch. 26, par. 9-405)Sec. 9-405.     Modification of assigned contract.(a) Effect of modification on assignee.  A modification of or  substitution for an assigned contract is effective against an assignee if made  in good  faith.  The assignee acquires corresponding rights under the modified or  substituted  contract.  The assignment may provide that the modification or substitution is  a  breach of contract by the assignor.  This subsection is subject to subsections  (b)  through (d).(b) Applicability of subsection (a).  Subsection (a) applies to the  extent that:(1) the right to payment or a part thereof under an     assigned contract has not been fully earned by performance; or(2) the right to payment or a part thereof has been     fully earned by performance and the account debtor has not received notification of the assignment under Section 9-406(a).(c) Rule for individual under other law.  This Section is subject  to law other than this Article which establishes a different rule for an  account  debtor who is an individual and who incurred the obligation primarily for  personal,  family, or household purposes.(d) Inapplicability to health-care-insurance receivable.  This  Section does not apply to an assignment of a health-care-insurance  receivable.    (Source: P.A. 91-893, eff. 7-1-01.)
810 ILCS 5/9-407
2021 Illinois Compiled Statutes|Chapter 810 - COMMERCIAL CODE|810 ILCS 5/ - Uniform Commercial Code.|Article 9 - Secured Transactions

 (from Ch. 26, par. 9-407)Sec. 9-407.         Restrictions on creation or enforcement of security interest  in leasehold interest or in lessor's residual interest.(a) Term restricting assignment generally ineffective.  Except as  otherwise provided in subsection (b), a term in a lease agreement is  ineffective to  the extent that it:(1) prohibits, restricts, or requires the consent of     a party to the lease to the assignment or transfer or the creation, attachment, perfection, or enforcement of a security interest in an interest of a party under the lease contract or in the lessor's residual interest in the goods; or(2) provides that the assignment or transfer or the     creation, attachment, perfection, or enforcement of the security interest may give rise to a default, breach, right of recoupment, claim, defense, termination, right of termination, or remedy under the lease.(b) Effectiveness of certain terms.  Except as otherwise provided  in Section 2A-303(7), a term described in subsection (a)(2) is effective to the  extent  that there is:(1) a transfer by the lessee of the lessee's right of     possession or use of the goods in violation of the term; or(2) a delegation of a material performance of either     party to the lease contract in violation of the term.(c) Security interest not material impairment.  The creation,  attachment, perfection, or enforcement of a security interest in the lessor's  interest  under the lease contract or the lessor's residual interest in the goods is not  a transfer  that materially impairs the lessee's prospect of obtaining return performance  or  materially changes the duty of or materially increases the burden or risk  imposed  on the lessee within the purview of Section 2A-303(4) unless, and then only to  the  extent that, enforcement actually results in a delegation of material  performance of  the lessor.    (Source: P.A. 91-893, eff. 7-1-01.)
810 ILCS 5/9-409
2021 Illinois Compiled Statutes|Chapter 810 - COMMERCIAL CODE|810 ILCS 5/ - Uniform Commercial Code.|Article 9 - Secured Transactions

Sec. 9-409.         Restrictions on assignment of letter-of-credit rights  ineffective.(a) Term or law restricting assignment generally ineffective.  A  term in a letter of credit or a rule of law, statute, regulation, custom, or  practice  applicable to the letter of credit which prohibits, restricts, or requires the  consent of  an applicant, issuer, or nominated person to a beneficiary's assignment of or  creation of a security interest in a letter-of-credit right is ineffective to  the extent  that the term or rule of law, statute, regulation, custom, or practice:(1) would impair the creation, attachment, or     perfection of a security interest in the letter-of-credit right; or(2) provides that the assignment or the creation,     attachment, or perfection of the security interest may give rise to a default, breach, right of recoupment, claim, defense, termination, right of termination, or remedy under the letter-of-credit right.(b) Limitation on ineffectiveness under subsection (a).  To the  extent that a term in a letter of credit is ineffective under subsection (a) but would  be effective under law other than this Article or a custom or practice applicable to  the letter of credit, to the transfer of a right to draw or otherwise demand  performance under the letter of credit, or to the assignment of a right to proceeds of  the letter of credit, the creation, attachment, or perfection of a security interest in  the letter-of-credit right:(1) is not enforceable against the applicant, issuer,     nominated person, or transferee beneficiary;(2) imposes no duties or obligations on the     applicant, issuer, nominated person, or transferee beneficiary; and(3) does not require the applicant, issuer, nominated     person, or transferee beneficiary to recognize the security interest, pay or render performance to the secured party, or accept payment or other performance from the secured party.   (Source: P.A. 91-893, eff. 7-1-01.)
810 ILCS 5/9-410
2021 Illinois Compiled Statutes|Chapter 810 - COMMERCIAL CODE|810 ILCS 5/ - Uniform Commercial Code.|Article 9 - Secured Transactions

Sec. 9-410.     (Blank).     (Source: P.A. 91-893, eff. 7-1-01.)
810 ILCS 5/Art. 9 Pt. 5 heading
2021 Illinois Compiled Statutes|Chapter 810 - COMMERCIAL CODE|810 ILCS 5/ - Uniform Commercial Code.|Article 9 - Secured Transactions

 PART 5.      FILING
810 ILCS 5/Art. 9 Pt. 5 Sub. 1 heading
2021 Illinois Compiled Statutes|Chapter 810 - COMMERCIAL CODE|810 ILCS 5/ - Uniform Commercial Code.|Article 9 - Secured Transactions

 SUBPART 1.      FILING OFFICE; CONTENTS AND EFFECTIVENESS OF FINANCING STATEMENT
810 ILCS 5/9-501
2021 Illinois Compiled Statutes|Chapter 810 - COMMERCIAL CODE|810 ILCS 5/ - Uniform Commercial Code.|Article 9 - Secured Transactions

 (from Ch. 26, par. 9-501)Sec. 9-501.     Filing office.(a) Filing offices.  Except as otherwise provided in subsection (b),  if the local law of this State governs perfection of a security interest or  agricultural  lien, the office in which to file a financing statement to perfect the security  interest  or agricultural lien is:(1) the office designated for the filing or recording     of a record of a mortgage on the related real property, if:(A) the collateral is as-extracted collateral or         timber to be cut; or(B) the financing statement is filed as a fixture         filing and the collateral is goods that are or are to become fixtures; or(2) the office of the Secretary of State in all other     cases, including a case in which the collateral is goods that are or are to become fixtures and the financing statement is not filed as a fixture filing.(b) Filing office for transmitting utilities.  The office in which to  file a financing statement to perfect a security interest in collateral,  including  fixtures, of a transmitting utility is the office of the Secretary of State.  The  financing statement also  constitutes a fixture filing as to the collateral indicated in the financing  statement  which is or is to become fixtures.    (Source: P.A. 91-357, eff. 7-29-99; 91-893, eff. 7-1-01.)