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Uniform Commercial Code

"An act relating to certain commercial transactions and contracts and other documents concerning them, including sales, commercial paper, bank deposits and collections, letters of credit, bulk transfers, warehouse receipts, bills of lading, other documents of title, investment securities and secured transactions, including certain sales of accounts, chattel paper and contract rights; providing for public notice to third parties in certain circumstances; regulating procedure, evidence and damages in certain court actions involving such transactions, contracts or documents; and providing penalties."

Pertinent information regarding fees and recording requirements can be found in the Illinois Compiled Statutes, Chapter 810, Commercial Code, Act 5, Article 9, Secured Transactions; Sales of Accounts, Contract Rights and Chattel Paper, Part 4, Filing.


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