{"data":{"id":"us-il/810-ilcs-5-9-104","jurisdiction":"us-il","citation":"810 ILCS 5/9-104","heading":"Control of deposit account.","body":"(a) Requirements for control. A secured party has control of a deposit account if:\n(1) the secured party is the bank with which the deposit account is maintained;\n(2) the debtor, secured party, and bank have agreed in a signed record that the bank will comply with instructions originated by the secured party directing disposition of the funds in the deposit account without further consent by the debtor;\n(3) the secured party becomes the bank's customer with respect to the deposit account; or\n(4) another person, other than the debtor:\n(A) has control of the deposit account and acknowledges that it has control on behalf of the secured party; or\n(B) obtains control of the deposit account after having acknowledged that it will obtain control of the deposit account on behalf of the secured party.\n(b) Debtor's right to direct disposition. A secured party that has satisfied subsection (a) has control, even if the debtor retains the right to direct the disposition of funds from the deposit account.","path":["CHAPTER 810 COMMERCIAL CODE","Uniform Commercial Code."],"source_url":"https://www.ilga.gov/legislation/ILCS/details?ActID=2301\u0026ChapterID=66\u0026ChapAct=FullText\u0026Print=True","current_through":"at least Public Act 104-790","vintage":"","retrieved_at":"2026-09-15T04:46:47Z","sha256":"bd4fe27e34b146d40fdca219e707b860b5963f6d88e49e620c2ccc57956f84bf","source_id":"us-il","stale":false,"prev":"us-il/810-ilcs-5-9-103","next":"us-il/810-ilcs-5-9-105"},"notice":"GroundRules: Original legal text. Not legal advice."}