{"data":{"id":"us-il/810-ilcs-5-9-314","jurisdiction":"us-il","citation":"810 ILCS 5/9-314","heading":"Perfection by control.","body":"(a) Perfection by control. A security interest in controllable accounts, controllable electronic records, controllable payment intangibles, deposit accounts, electronic documents, electronic money, investment property, or letter-of-credit rights or beneficial interests in Illinois land trusts may be perfected by control of the collateral under Section 7-106, 9-104, 9-105A, 9-106, 9-107, 9-107.1, or 9-107A.\n(b) Specified collateral: time of perfection by control; continuation of perfection. A security interest in controllable accounts, controllable electronic records, controllable payment intangibles, deposit accounts, electronic documents, electronic money, or letter-of-credit rights or beneficial interests in Illinois land trusts is perfected by control under Section 7-106, 9-104, 9-105A, 9-107, 9-107.1, or 9-107A not earlier than the time the secured party obtains control and remains perfected by control only while the secured party retains control.\n(c) Investment property: time of perfection by control; continuation of perfection. A security interest in investment property is perfected by control under Section 9-106 not earlier than the time the secured party obtains control and remains perfected by control until:\n(1) the secured party does not have control; and\n(2) one of the following occurs:\n(A) if the collateral is a certificated security, the debtor has or acquires possession of the security certificate;\n(B) if the collateral is an uncertificated security, the issuer has registered or registers the debtor as the registered owner; or\n(C) if the collateral is a security entitlement, the debtor is or becomes the entitlement holder.","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":"96fc2d87972995a5e6bcf5bde688f53f37a665f6ae58e538b6547d17babc47dd","source_id":"us-il","stale":false,"prev":"us-il/810-ilcs-5-9-313","next":"us-il/810-ilcs-5-9-314a"},"notice":"GroundRules: Original legal text. Not legal advice."}