{"data":{"id":"us-il/810-ilcs-5-9-618","jurisdiction":"us-il","citation":"810 ILCS 5/9-618","heading":"Rights and duties of certain secondary obligors.","body":"(a) Rights and duties of secondary obligor. A secondary obligor acquires the rights and becomes obligated to perform the duties of the secured party after the secondary obligor:\n(1) receives an assignment of a secured obligation from the secured party;\n(2) receives a transfer of collateral from the secured party and agrees to accept the rights and assume the duties of the secured party; or\n(3) is subrogated to the rights of a secured party with respect to collateral.\n(b) Effect of assignment, transfer, or subrogation. An assignment, transfer, or subrogation described in subsection (a):\n(1) is not a disposition of collateral under Section 9-610; and\n(2) relieves the secured party of further duties under this Article.","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":"bea74694eaf0af8c330e62961e41b2ea0b409b0b68e81a3c42fbd3460d5ea396","source_id":"us-il","stale":false,"prev":"us-il/810-ilcs-5-9-617","next":"us-il/810-ilcs-5-9-619"},"notice":"GroundRules: Original legal text. Not legal advice."}