Does my security agreement cover future advances?
Commercial Banking, Collections, and Bankruptcy
, June 2011
Under Revised Article 9 of the Illinois UCC, collateral may secure future advances, as well as past or present advances, if the security agreement so provides.
Spot an error in your article? Contact Sara Anderson at email@example.com. For information on obtaining a copy of an article,visit the ISBA Newsletters page.
Select a Different Author