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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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