reglab/housing_qa huggingface dataset:
810 ILCS 5/9-320.1
2021 Illinois Compiled Statutes|Chapter 810 - COMMERCIAL CODE|810 ILCS 5/ - Uniform Commercial Code.|Article 9 - Secured Transactions

Sec. 9-320.1.         Liability of commission merchant or selling agent engaged in  sale of livestock or other farm products to holder of security interest.(a) A commission merchant or selling agent  who sells a farm product for others shall be subject to a security interest  created by the seller in  such farm product if:(1) within one year before the sale of the farm     products, the buyer has received from the secured party or the seller written notice of the security interest organized according to farm products that:(A) is an original or reproduced copy thereof;(B) contains: (i) the name and address of the         secured party; (ii) the name and address of the person indebted to the secured party; (iii) the social security number of the debtor or, in case of a debtor doing business other than as an individual, the Internal Revenue Service taxpayer identification number of such debtor; (iv) a description of the farm products subject to the security interest created by the debtor, including the amount of such products where applicable, crop year, county, and a reasonable description of the property;(C) must be amended in writing, within 3 months,         similarly signed and transmitted, to reflect material changes;(D) will lapse on either the expiration period of         the statement or the transmission of a notice signed by the secured party that the statement has lapsed, whichever occurs first; and(E) sets forth any payment obligations imposed on         the buyer by the secured party as conditions for waiver or release of the security interest; and(2) the commission merchant or selling agent has     failed to perform the payment obligations.(b) For the purposes of this Section, a commission merchant or selling  agent has received notice from the secured party or seller when written  notice of the security  interest is sent to the commission merchant or selling agent by registered or  certified mail.    (Source: P.A. 91-893, eff. 7-1-01.)
810 ILCS 5/9-320.2
2021 Illinois Compiled Statutes|Chapter 810 - COMMERCIAL CODE|810 ILCS 5/ - Uniform Commercial Code.|Article 9 - Secured Transactions

Sec. 9-320.2.     Notice to seller of farm products.     A commission merchant or selling agent who sells farm products for others,  and  any person  buying farm products in the ordinary course of business from a person engaged  in farming  operations, shall post at each licensed location where the merchant, agent, or  person buying farm  products in the ordinary course of business does business a notice that shall  read as follows:    "NOTICE TO SELLERS OF FARM PRODUCTSIt is a criminal offense to sell farm products subject to a security interest  without  making payment to the secured party.  You should notify the purchaser if there  is a  security interest in the farm products you are selling.".The notice shall be posted in a conspicuous manner and shall be in  contrasting type, large enough  to be read from a distance of 10 feet.    (Source: P.A. 91-893, eff. 7-1-01.)
810 ILCS 5/9-321
2021 Illinois Compiled Statutes|Chapter 810 - COMMERCIAL CODE|810 ILCS 5/ - Uniform Commercial Code.|Article 9 - Secured Transactions

Sec. 9-321.         Licensee of general intangible and lessee of goods in ordinary  course of business.(a) "Licensee in ordinary course of business."  In this Section,  "licensee in ordinary course of business" means a person that becomes a  licensee of  a general intangible in good faith, without knowledge that the license violates  the  rights of another person in the general intangible, and in the ordinary course  from a  person in the business of licensing general intangibles of that kind.  A person  becomes a licensee in the ordinary course if the license to the person comports with  the usual or customary practices in the kind of business in which the licensor is  engaged or with the licensor's own usual or customary practices.(b) Rights of licensee in ordinary course of business.  A licensee  in ordinary course of business takes its rights under a nonexclusive license free of a  security interest in the general intangible created by the licensor, even if  the  security interest is perfected and the licensee knows of its existence.(c) Rights of lessee in ordinary course of business. A lessee in  ordinary course of business takes its leasehold interest free of a security  interest in  the goods created by the lessor, even if the security interest is perfected and  the  lessee knows of its existence.    (Source: P.A. 91-893, eff. 7-1-01.)
810 ILCS 5/9-323
2021 Illinois Compiled Statutes|Chapter 810 - COMMERCIAL CODE|810 ILCS 5/ - Uniform Commercial Code.|Article 9 - Secured Transactions

Sec. 9-323.     Future advances.(a) When priority based on time of advance.  Except as otherwise  provided in subsection (c), for purposes of determining the priority of a  perfected  security interest under Section 9-322(a)(1), perfection of the security interest dates  from the time an advance is made to the extent that the security interest secures an  advance that:(1) is made while the security interest is perfected     only:(A) under Section 9-309 when it attaches; or(B) temporarily under Section 9-312(e), (f), or         (g); and(2) is not made pursuant to a commitment entered into     before or while the security interest is perfected by a method other than under Section 9-309 or 9-312(e), (f), or (g).(b) Lien creditor.  Except as otherwise provided in subsection (c),  a security interest is subordinate to the  rights of a person that becomes a lien creditor to the extent that the  security interest secures an advance made more than 45 days after the  person  becomes a lien creditor unless  the advance is made:(1) without knowledge of the lien; or(2) pursuant to a commitment entered into without     knowledge of the lien.(c) Buyer of receivables.  Subsections (a) and (b) do not apply to a  security interest held by a secured party that is a buyer of accounts, chattel paper,  payment intangibles, or promissory notes or a consignor.(d) Buyer of goods.  Except as otherwise provided in subsection  (e), a buyer of goods other than a buyer in ordinary course of business takes free of  a security interest to the extent that it secures advances made after the earlier of:(1) the time the secured party acquires knowledge of     the buyer's purchase; or(2) 45 days after the purchase.(e) Advances made pursuant to commitment:  priority of buyer  of goods.  Subsection (d) does not apply if the advance is made pursuant to a  commitment entered into without knowledge of the buyer's purchase and before the  expiration of the 45-day period.(f) Lessee of goods.  Except as otherwise provided in subsection  (g), a lessee of goods, other than a lessee in ordinary course of business,  takes the  leasehold interest free of a security interest to the extent that it secures  advances  made after the earlier of:(1) the time the secured party acquires knowledge of     the lease; or(2) 45 days after the lease contract becomes     enforceable.(g) Advances made pursuant to commitment:  priority of lessee  of goods.  Subsection (f) does not apply if the advance is made pursuant to a  commitment entered into without knowledge of the lease and before the  expiration  of the 45-day period.    (Source: P.A. 91-893, eff. 7-1-01.)
810 ILCS 5/9-325
2021 Illinois Compiled Statutes|Chapter 810 - COMMERCIAL CODE|810 ILCS 5/ - Uniform Commercial Code.|Article 9 - Secured Transactions

Sec. 9-325.     Priority of security interests in transferred collateral.(a) Subordination of security interest in transferred collateral.  Except as otherwise provided in subsection (b), a security interest created by  a  debtor is subordinate to a security interest in the same collateral created by  another  person if:(1) the debtor acquired the collateral subject to the     security interest created by the other person;(2) the security interest created by the other person     was perfected when the debtor acquired the collateral; and(3) there is no period thereafter when the security     interest is unperfected.(b) Limitation of subsection (a) subordination.  Subsection (a)  subordinates a security interest only if the security interest:(1) otherwise would have priority solely under     Section 9-322(a) or 9-324; or(2) arose solely under Section 2-711(3) or 2A-508(5).    (Source: P.A. 91-893, eff. 7-1-01.)
810 ILCS 5/9-326
2021 Illinois Compiled Statutes|Chapter 810 - COMMERCIAL CODE|810 ILCS 5/ - Uniform Commercial Code.|Article 9 - Secured Transactions

Sec. 9-326. Priority of security interests created by new debtor.(a) Subordination of security interest created by new debtor.  Subject to subsection (b), a security interest that is created by a new debtor in collateral in which the new debtor has or acquires rights and is  perfected solely by a filed financing statement that would be ineffective to perfect the security interest but for the application of Section 9-316(i)(1) or 9-508 is subordinate to a  security interest in the same collateral which is perfected other than by such a  filed  financing statement.(b) Priority under other provisions; multiple original debtors.  The other provisions of this Part determine the priority among conflicting  security  interests in the same collateral perfected by filed financing statements described in subsection (a).  However, if the security agreements to  which  a new debtor became bound as debtor were not entered into by the same original  debtor, the conflicting security interests rank according to priority in time  of the  new debtor's having become bound.  (Source: P.A. 97-1034, eff. 7-1-13.)
810 ILCS 5/9-327
2021 Illinois Compiled Statutes|Chapter 810 - COMMERCIAL CODE|810 ILCS 5/ - Uniform Commercial Code.|Article 9 - Secured Transactions

Sec. 9-327.     Priority of security interests in deposit account.     The  following rules govern priority among conflicting security interests in the  same  deposit account:(1) A security interest held by a secured party having control of the  deposit account under Section 9-104 has priority over a conflicting security  interest  held by a secured party that does not have control.(2) Except as otherwise provided in paragraphs (3) and (4), security  interests perfected by control under Section 9-314 rank according to priority  in time  of obtaining control.(3) Except as otherwise provided in paragraph (4), a security  interest held by the bank with which the deposit account is maintained has  priority  over a conflicting security interest held by another secured party.(4) A security interest perfected by control under Section  9-104(a)(3) has priority over a security interest held by the bank with which  the  deposit account is maintained.    (Source: P.A. 91-893, eff. 7-1-01.)
810 ILCS 5/9-328
2021 Illinois Compiled Statutes|Chapter 810 - COMMERCIAL CODE|810 ILCS 5/ - Uniform Commercial Code.|Article 9 - Secured Transactions

Sec. 9-328.     Priority of security interests in investment property.     The  following rules govern priority among conflicting security interests in the  same  investment property:(1) A security interest held by a secured party having control of  investment property under Section 9-106 has priority over a security interest  held  by a secured party that does not have control of the investment property.(2) Except as otherwise provided in paragraphs (3) and (4),  conflicting security interests held by secured parties each of which has  control  under Section 9-106 rank according to priority in time of:(A) if the collateral is a security, obtaining     control;(B) if the collateral is a security entitlement     carried in a securities account and:(i) if the secured party obtained control under         Section 8-106(d)(1), the secured party's becoming the person for which the securities account is maintained;(ii) if the secured party obtained control under         Section 8-106(d)(2), the securities intermediary's agreement to comply with the secured party's entitlement orders with respect to security entitlements carried or to be carried in the securities account; or(iii) if the secured party obtained control         through another person under Section 8-106(d)(3), the time on which priority would be based under this paragraph if the other person were the secured party; or(C) if the collateral is a commodity contract carried     with a commodity intermediary, the satisfaction of the requirement for control specified in Section 9-106(b)(2) with respect to commodity contracts carried or to be carried with the commodity intermediary.(3) A security interest held by a securities intermediary in a security  entitlement or a securities account maintained with the securities intermediary  has  priority over a conflicting security interest held by another secured party.(4) A security interest held by a commodity intermediary in a  commodity contract or a commodity account maintained with the commodity  intermediary has priority over a conflicting security interest held by another  secured party.(5) A security interest in a certificated security in registered form  which is perfected by taking delivery under Section 9-313(a) and not by control  under Section 9-314 has priority over a conflicting security interest perfected  by a  method other than control.(6) Conflicting security interests created by a broker, securities  intermediary, or commodity intermediary which are perfected without control  under Section 9-106 rank equally.(7) In all other cases, priority among conflicting security interests in  investment property is governed by Sections 9-322 and 9-323.    (Source: P.A. 91-893, eff. 7-1-01.)
810 ILCS 5/9-329
2021 Illinois Compiled Statutes|Chapter 810 - COMMERCIAL CODE|810 ILCS 5/ - Uniform Commercial Code.|Article 9 - Secured Transactions

Sec. 9-329.     Priority of security interests in letter-of-credit right.     The  following rules govern priority among conflicting security interests in the  same  letter-of-credit right:(1) A security interest held by a secured party     having control of the letter-of-credit right under Section 9-107 has priority to the extent of its control over a conflicting security interest held by a secured party that does not have control.(2) Security interests perfected by control under     Section 9-314 rank according to priority in time of obtaining control.   (Source: P.A. 91-893, eff. 7-1-01.)
810 ILCS 5/9-329.1
2021 Illinois Compiled Statutes|Chapter 810 - COMMERCIAL CODE|810 ILCS 5/ - Uniform Commercial Code.|Article 9 - Secured Transactions

Sec. 9-329.1.         Priority of Security Interests in  Beneficial  Interest in an Illinois Land Trust. The following rules govern  priority among conflicting security interests  in the same beneficial interest in an Illinois land trust:(1) A security interest held by a secured party     having control of the beneficial interest under Section 9-107.1 has priority to the extent of its control over a conflicting security interest held by a secured party that does not have control.(2) Security interests perfected by control under     Section 9-314 rank according to priority in time of obtaining control.   (Source: P.A. 92-234, eff. 1-1-02.)
810 ILCS 5/9-330
2021 Illinois Compiled Statutes|Chapter 810 - COMMERCIAL CODE|810 ILCS 5/ - Uniform Commercial Code.|Article 9 - Secured Transactions

Sec. 9-330.     Priority of purchaser of chattel paper or instrument.(a) Purchaser's priority:  security interest claimed merely as  proceeds.  A purchaser of chattel paper has priority over a security interest  in the  chattel paper which is claimed merely as proceeds of inventory subject to a  security  interest if:(1) in good faith and in the ordinary course of the     purchaser's business, the purchaser gives new value and takes possession of the chattel paper or obtains control of the chattel paper under Section 9-105; and(2) the chattel paper does not indicate that it has     been assigned to an identified assignee other than the purchaser.(b) Purchaser's priority:  other security interests.  A purchaser  of chattel paper has priority over a security interest in the chattel paper which is  claimed other than merely as proceeds of inventory subject to a security interest if  the purchaser gives new value and takes possession of the chattel paper or obtains  control of the chattel paper under Section 9-105 in good faith, in the ordinary  course of the purchaser's business, and without knowledge that the purchase  violates the rights of the secured party.(c) Chattel paper purchaser's priority in proceeds.  Except as  otherwise provided in Section 9-327, a purchaser having priority in chattel paper  under subsection (a) or (b) also has priority in proceeds of the chattel paper to the  extent that:(1) Section 9-322 provides for priority in the     proceeds; or(2) the proceeds consist of the specific goods     covered by the chattel paper or cash proceeds of the specific goods, even if the purchaser's security interest in the proceeds is unperfected.(d) Instrument purchaser's priority.  Except as otherwise  provided in Section 9-331(a), a purchaser of an instrument has priority over a  security interest in the instrument perfected by a method other than possession if  the purchaser gives value and takes possession of the instrument in good faith and  without knowledge that the purchase violates the rights of the secured party.(e) Holder of purchase-money security interest gives new value.  For purposes of subsections (a) and (b), the holder of a purchase-money  security  interest in inventory gives new value for chattel paper constituting proceeds  of the  inventory.(f) Indication of assignment gives knowledge.  For purposes of  subsections (b) and (d), if chattel paper or an instrument indicates that it  has been  assigned to an identified secured party other than the purchaser, a purchaser  of the  chattel paper or instrument has knowledge that the purchase violates the rights  of  the secured party.    (Source: P.A. 91-893, eff. 7-1-01.)
810 ILCS 5/9-331
2021 Illinois Compiled Statutes|Chapter 810 - COMMERCIAL CODE|810 ILCS 5/ - Uniform Commercial Code.|Article 9 - Secured Transactions

Sec. 9-331.         Priority of rights of purchasers of instruments, documents,  and securities under other Articles; priority of interests in financial assets  and  security entitlements under Article 8.(a) Rights under Articles 3, 7, and 8 not limited.  This Article  does not limit the rights of a holder in due course of a negotiable instrument,  a  holder to which a negotiable document of title has been duly negotiated, or a  protected purchaser of a security.  These holders or purchasers take priority  over an  earlier security interest, even if perfected, to the extent provided in  Articles 3, 7,  and 8.(b) Protection under Article 8.  This Article does not limit the  rights of or impose liability on a person to the extent that the person is  protected  against the assertion of a claim under Article 8.(c) Filing not notice.  Filing under this Article does not constitute  notice of a claim or defense to the holders, or purchasers, or persons  described in  subsections (a) and (b).    (Source: P.A. 91-893, eff. 7-1-01.)
810 ILCS 5/9-332
2021 Illinois Compiled Statutes|Chapter 810 - COMMERCIAL CODE|810 ILCS 5/ - Uniform Commercial Code.|Article 9 - Secured Transactions

Sec. 9-332.     Transfer of money; transfer of funds from deposit account.(a) Transferee of money.  A transferee of money takes the money  free of a security interest unless the transferee acts in collusion with the  debtor in  violating the rights of the secured party.(b) Transferee of funds from deposit account.  A transferee of  funds from a deposit account takes the funds free of a security interest in the  deposit account unless the transferee acts in collusion with the debtor in  violating  the rights of the secured party.    (Source: P.A. 91-893, eff. 7-1-01.)
810 ILCS 5/9-333
2021 Illinois Compiled Statutes|Chapter 810 - COMMERCIAL CODE|810 ILCS 5/ - Uniform Commercial Code.|Article 9 - Secured Transactions

Sec. 9-333.     Priority of certain liens arising by operation of law.(a) "Possessory lien."  In this Section, "possessory lien" means an  interest, other than a security interest or an agricultural lien:(1) which secures payment or performance of an     obligation for services or materials furnished with respect to goods by a person in the ordinary course of the person's business;(2) which is created by statute or rule of law in     favor of the person; and(3) whose effectiveness depends on the person's     possession of the goods.(b) Priority of possessory lien.  A possessory lien on goods has  priority over a security interest in the goods unless the lien is created by a  statute  that expressly provides otherwise.    (Source: P.A. 91-893, eff. 7-1-01.)
810 ILCS 5/9-335
2021 Illinois Compiled Statutes|Chapter 810 - COMMERCIAL CODE|810 ILCS 5/ - Uniform Commercial Code.|Article 9 - Secured Transactions

Sec. 9-335.     Accessions.(a) Creation of security interest in accession.  A security interest  may be created in an accession and continues in collateral that becomes an  accession.(b) Perfection of security interest.  If a security interest is  perfected when the collateral becomes an accession, the security interest  remains  perfected in the collateral.(c) Priority of security interest.  Except as otherwise provided in  subsection (d), the other provisions of this Part determine the priority of a  security  interest in an accession.(d) Compliance with certificate-of-title statute.  A security  interest in an accession is subordinate to a security interest in the whole which is  perfected by compliance with the requirements of a certificate-of-title statute under  Section 9-311(b).(e) Removal of accession after default.  After default, subject to  Part 6, a secured party may remove an accession from other goods if the  security  interest in the accession has priority over the claims of every person having  an  interest in the whole.(f) Reimbursement following removal.  A secured party that  removes an accession from other goods under subsection (e) shall promptly  reimburse any holder of a security interest or other lien on, or owner of, the  whole  or of the other goods, other than the debtor, for the cost of repair of any  physical  injury to the whole or the other goods.  The secured party need not reimburse  the  holder or owner for any diminution in value of the whole or the other goods  caused  by the absence of the accession removed or by any necessity for replacing it.  A  person entitled to reimbursement may refuse permission to remove until the  secured party gives adequate assurance for the performance of the obligation to  reimburse.    (Source: P.A. 91-893, eff. 7-1-01.)