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ILLINOIS
COMMERCIAL CODE

Last update: 2011-11-09


  • Uniform Commercial Code.
    • Article 1. General Provisions
      • Part 1. General Provisions
      • Part 2. General Definitions and Principles of Interpretation
      • Part 3. Territorial Applicability and General Rules
    • Article 2. Sales
      • Part 1. Short Title, General Construction and Subject Matter
      • Part 2. Form, Formation and Readjustment of Contract
      • Part 3. General Obligation and Construction of Contract
      • Part 4. Title, Creditors and Good Faith Purchasers
      • Part 5. Performance
      • Part 6. Breach, Repudiation and Excuse
      • Part 7. Remedies
    • Article 2A. Leases
      • Part 1. General Provisions
      • Part 2. Formation and Construction of Lease Contract
      • Part 3. Effect of Lease Contract
      • Part 4. Performance of Lease Contract: Repudiated, Substituted, and Excused
      • Part 5. Default
        • SubPart A. In General
        • SubPart B. Default by Lessor
        • SubPart C. Default by Lessee
    • Article 3. Negotiable Instruments
      • Part 1. General Provisions and Definitions
      • Part 2. Negotiation, Transfer and Indorsement
      • Part 3. Enforcement of Instruments
      • Part 4. Liability of Parties
      • Part 5. Dishonor
      • Part 6. Discharge and Payment
      • Part 8. Miscellaneous
    • Article 4. Bank Deposits and Collections
      • Part 1. General Provisions and Definitions
      • Part 2. Collection of Items: Depositary and Collecting Banks
      • Part 3. Collection of Items: Payor Banks
      • Part 4. Relationship Between Payor Bank and Its Customer
      • Part 5. Collection of Documentary Drafts
    • Article 4A. Funds Transfers
      • Part 1. Subject Matter and Definitions
      • Part 2. Issue and Acceptance of Payment Order
      • Part 3. Execution of Sender's Payment Order by Receiving Bank
      • Part 4. Payment
      • Part 5. Miscellaneous Provisions
    • Article 5. Letters of Credit
    • Article 7. Documents of Title
      • Part 1. General
      • Part 2. Warehouse Receipts: Special Provisions
      • Part 3. Bills of Lading: Special Provisions
      • Part 4. Warehouse Receipts and Bills of Lading: General Obligations
      • Part 5. Warehouse Receipts and Bills of Lading: Negotiation and Transfer
      • Part 6. Warehouse Receipts and Bills of Lading: Miscellaneous Provisions
      • Part 7. Miscellaneous Provisions
    • Article 8. Investment Securities
      • Part 1. Short Title and General Matters
      • Part 2. Issue and Issuer
      • Part 3. Transfer of Certificated and Uncertificated Securities
      • Part 4. Registration
      • Part 5. Security Entitlements
      • Part 6. Transition Provisions for Revised Article 8 and Conforming Amendments to Articles 1, 5, 9, and 10
    • Article 9. Secured Transactions
      • Part 1. General Provisions
        • SubPart 1. Short Title, Definitions, and General Concepts
        • SubPart 2. Applicability of Article
      • Part 2. Effectiveness of Security Agreement; Attachment of Security Interest; Rights of Parties to Security Agreement
        • SubPart 1. Effectiveness and Attachment
        • SubPart 2. Rights and Duties
      • Part 3. Perfection and Priority
        • SubPart 1. Law Governing Perfection and Priority
        • SubPart 2. Perfection
        • SubPart 3. Priority
        • SubPart 4. Rights of Bank
      • Part 4. Rights of Third Parties
      • Part 5. Filing
        • SubPart 1. Filing Office Contents and Effectiveness of Financing Statement
        • SubPart 2. Duties and Operation of Filing Office
      • Part 6. Default
        • SubPart 1. Default and Enforcement of Security Interest
        • SubPart 2. Noncompliance With Article
      • Part 7. Transition
      • Part 99. (blank)
    • Article 10. Effective Date and Repealer
    • Article 11. Effective Date and Transition; Amendatory Act of 1972
    • Article 12. Effective Date and Transition; Amendatory Act of 1987
    • Article 13. Effective Date and Transition; Provisions for Amendatory Act of 1996

UNIFORM COMMERCIAL CODE.

Article 1
General Provisions

Part 1
General Provisions

Section 1-101. Short Titles.

(810 ILCS 5/1-101) (from Ch. 26, par. 1-101)

(a) This Act may be cited as the Uniform Commercial Code.

(b) This Article may be cited as Uniform Commercial Code - General Provisions.

(Source: P.A. 95-895, eff. 1-1-09.)

Section 1-102. Scope of Article

(810 ILCS 5/1-102) (from Ch. 26, par. 1-102)

This Article applies to a transaction to the extent that it is governed by another Article of the Uniform Commercial Code.

(Source: P.A. 95-895, eff. 1-1-09.)

Section 1-103

(810 ILCS 5/1-103) (from Ch. 26, par. 1-103)

Construction of Uniform Commercial Code to promote its purposes and policies; applicability of supplemental principles of law.

(a) The Uniform Commercial Code must be liberally construed and applied to promote its underlying purposes and policies, which are:

(1) to simplify, clarify, and modernize the law governing commercial transactions;

(2) to permit the continued expansion of commercial practices through custom, usage, and agreement of the parties; and

(3) to make uniform the law among the various jurisdictions.

(b) Unless displaced by the particular provisions of the Uniform Commercial Code, the principles of law and equity, including the law merchant and the law relative to capacity to contract, principal and agent, estoppel, fraud, misrepresentation, duress, coercion, mistake, bankruptcy, and other validating or invalidating cause supplement its provisions.

(Source: P.A. 95-895, eff. 1-1-09.)

Section 1-104. Construction Against Implied Repeal

(810 ILCS 5/1-104) (from Ch. 26, par. 1-104)

The Uniform Commercial Code being a general Act intended as a unified coverage of its subject matter, no part of it shall be deemed to be impliedly repealed by subsequent legislation if such construction can reasonably be avoided.

(Source: P.A. 95-895, eff. 1-1-09.)

Section 1-104a. Legislative Intent

(810 ILCS 5/1-104a) (from Ch. 26, par. 1-104a)

If any provision of this Act conflicts with Section 205-410 of the Department of Agriculture Law (20 ILCS 205/205-410), the provisions of that Section 205-410 control. If any provision of this Act conflicts with the Grain Code, the provisions of the Grain Code control.

(Source: P.A. 91-239, eff. 1-1-00.)

Section 1-104b. Agriculture Production Contract Code

(810 ILCS 5/1-104b)

This Act is subject to the provisions of the Agriculture Production Contract Code.

(Source: P.A. 93-522, eff. 1-1-05.)

Section 1-105. Severability

(810 ILCS 5/1-105) (from Ch. 26, par. 1-105)

If any provision or clause of the Uniform Commercial Code or its application to any person or circumstance is held invalid, the invalidity does not affect other provisions or applications of the Uniform Commercial Code which can be given effect without the invalid provision or application, and to this end the provisions of the Uniform Commercial Code are severable.

(Source: P.A. 95-895, eff. 1-1-09.)

Section 1-106. Use of Singular and Plural; Gender

(810 ILCS 5/1-106) (from Ch. 26, par. 1-106)

In the Uniform Commercial Code, unless the statutory context otherwise requires:

(1) words in the singular number include the plural, and those in the plural include the singular; and

(2) words of any gender also refer to any other gender.

(Source: P.A. 95-895, eff. 1-1-09.)

Section 1-107

(810 ILCS 5/1-107) (from Ch. 26, par. 1-107)

Section captions are part of the Uniform Commercial Code.

(Source: P.A. 95-895, eff. 1-1-09.)

Section 1-108. Relation to Electronic Signatures in Global and National Commerce Act

(810 ILCS 5/1-108) (from Ch. 26, par. 1-108)

This Article modifies, limits, and supersedes the federal Electronic Signatures in Global and National Commerce Act, 15 U.S.C. Section 7001 et seq., except that nothing in this Article modifies, limits, or supersedes 15 U.S.C. Section 7001(c) or authorizes electronic delivery of any of the notices described in 15 U.S.C. Section 7003(b).

(Source: P.A. 95-895, eff. 1-1-09.)

Section 1-109. (blank).

(810 ILCS 5/1-109) (from Ch. 26, par. 1-109)

(Source: P.A. 95-895, eff. 1-1-09.)

Part 2
General Definitions and Principles of Interpretation