Illinois Compiled Statutes 810 Commercial Code: Article 7 - Documents of Title

Part 1 General (Source: P. A. 95-895, Eff. 1-1-09.)

• Illinois Uniform Commercial Code. - 810 ILCS 5, Section 7-101
  Short title. This Article may be cited as Uniform Commercial Code-Documents of Title. (Source: P.A. 95-895, eff. 1-1-09.)
• Illinois Uniform Commercial Code. - 810 ILCS 5, Section 7-102
  Definitions and index of definitions. (a) In this Article, unless the context otherwise requires: (1) "Bailee" means a person that by a warehouse receipt, bill...
• Illinois Uniform Commercial Code. - 810 ILCS 5, Section 7-103
  Relation of Article to treaty or statute. (a) This Article is subject to any treaty or statute of the United States or regulatory statute of...
• Illinois Uniform Commercial Code. - 810 ILCS 5, Section 7-104
  Negotiable and nonnegotiable document of title. (a) Except as otherwise provided in subsection (c), a document of title is negotiable if by its terms the...
• Illinois Uniform Commercial Code. - 810 ILCS 5, Section 7-105
  Reissuance in alternative medium. (a) Upon request of a person entitled under an electronic document of title, the issuer of the electronic document may issue...
• Illinois Uniform Commercial Code. - 810 ILCS 5, Section 7-106
  Control of electronic document of title. (a) A person has control of an electronic document of title if a system employed for evidencing the transfer...

Part 2 Warehouse Receipts: Special Provisions (Source: P. A. 95-895, Eff. 1-1-09.)

• Illinois Uniform Commercial Code. - 810 ILCS 5, Section 7-201
  Person that may issue a warehouse receipt; storage under bond. (a) A warehouse receipt may be issued by any warehouse. (b) If goods, including distilled...
• Illinois Uniform Commercial Code. - 810 ILCS 5, Section 7-202
  Form of warehouse receipt; effect of omission. (a) A warehouse receipt need not be in any particular form. (b) Unless a warehouse receipt provides for...
• Illinois Uniform Commercial Code. - 810 ILCS 5, Section 7-203
  Liability for non-receipt or misdescription. A party to or purchaser for value in good faith of a document of title, other than a bill of...
• Illinois Uniform Commercial Code. - 810 ILCS 5, Section 7-204
  Duty of care; contractual limitation of warehouse's liability. (a) A warehouse is liable for damages for loss of or injury to the goods caused by...
• Illinois Uniform Commercial Code. - 810 ILCS 5, Section 7-205
  Title under warehouse receipt defeated in certain cases. A buyer in ordinary course of business of fungible goods sold and delivered by a warehouse that...
• Illinois Uniform Commercial Code. - 810 ILCS 5, Section 7-206
  Termination of storage at warehouse's option. (a) A warehouse, by giving notice to the person on whose account the goods are held and any other...
• Illinois Uniform Commercial Code. - 810 ILCS 5, Section 7-207
  Goods must be kept separate; fungible goods. (a) Unless the warehouse receipt provides otherwise, a warehouse shall keep separate the goods covered by each receipt...
• Illinois Uniform Commercial Code. - 810 ILCS 5, Section 7-208
  Altered warehouse receipts. If a blank in a negotiable tangible warehouse receipt has been filled in without authority, a good-faith purchaser for value and without...
• Illinois Uniform Commercial Code. - 810 ILCS 5, Section 7-209
  Lien of warehouse. (a) A warehouse has a lien against the bailor on the goods covered by a warehouse receipt or storage agreement or on...
• Illinois Uniform Commercial Code. - 810 ILCS 5, Section 7-210
  Enforcement of warehouse's lien. (a) Except as otherwise provided in subsection (b), a warehouse's lien may be enforced by public or private sale of the...

Part 3 Bills of Lading: Special Provisions (Source: P. A. 95-895, Eff. 1-1-09.)

• Illinois Uniform Commercial Code. - 810 ILCS 5, Section 7-301
  Liability for nonreceipt or misdescription; "said to contain"; "shipper's weight, load, and count"; improper handling. (a) A consignee of a nonnegotiable bill of lading which...
• Illinois Uniform Commercial Code. - 810 ILCS 5, Section 7-302
  Through bills of lading and similar documents of title. (a) The issuer of a through bill of lading, or other document of title embodying an...
• Illinois Uniform Commercial Code. - 810 ILCS 5, Section 7-303
  Diversion; reconsignment; change of instructions. (a) Unless the bill of lading otherwise provides, a carrier may deliver the goods to a person or destination other...
• Illinois Uniform Commercial Code. - 810 ILCS 5, Section 7-304
  Tangible bills of lading in a set. (a) Except as customary in international transportation, a tangible bill of lading may not be issued in a...
• Illinois Uniform Commercial Code. - 810 ILCS 5, Section 7-305
  Destination bills. (a) Instead of issuing a bill of lading to the consignor at the place of shipment, a carrier, at the request of the...
• Illinois Uniform Commercial Code. - 810 ILCS 5, Section 7-306
  Altered bills of lading. An unauthorized alteration or filling in of a blank in a bill of lading leaves the bill enforceable according to...
• Illinois Uniform Commercial Code. - 810 ILCS 5, Section 7-307
  Lien of carrier. (a) A carrier has a lien on the goods covered by a bill of lading or on the proceeds thereof in its...
• Illinois Uniform Commercial Code. - 810 ILCS 5, Section 7-308
  Enforcement of carrier's lien. (a) A carrier's lien on goods may be enforced by public or private sale of the goods, in bulk or in...
• Illinois Uniform Commercial Code. - 810 ILCS 5, Section 7-309
  Duty of care; contractual limitation of carrier's liability. (a) A carrier that issues a bill of lading, whether negotiable or nonnegotiable, shall exercise the degree...

Part 4 Warehouse Receipts and Bills of Lading: General Obligations (Source: P. A. 95-895, Eff. 1-1-09.)

• Illinois Uniform Commercial Code. - 810 ILCS 5, Section 7-401
  Irregularities in issue of receipt or bill or conduct of issuer. The obligations imposed by this Article on an issuer apply to a document of...
• Illinois Uniform Commercial Code. - 810 ILCS 5, Section 7-402
  Duplicate document of title; overissue. A duplicate or any other document of title purporting to cover goods already represented by an outstanding document of the...
• Illinois Uniform Commercial Code. - 810 ILCS 5, Section 7-403
  Obligation of bailee to deliver; excuse. (a) A bailee shall deliver the goods to a person entitled under a document of title if the person...
• Illinois Uniform Commercial Code. - 810 ILCS 5, Section 7-404
  No liability for good-faith delivery pursuant to document of title. A bailee that in good faith has received goods and delivered or otherwise disposed of...

Part 5 Warehouse Receipts and Bills of Lading: Negotiation and Transfer (Source: P. A. 95-895, Eff. 1-1-09.)

• Illinois Uniform Commercial Code. - 810 ILCS 5, Section 7-501
  Form of negotiation and requirements of due negotiation. (a) The following rules apply to a negotiable tangible document of title: (1) If the document's original...
• Illinois Uniform Commercial Code. - 810 ILCS 5, Section 7-502
  Rights acquired by due negotiation. (a) Subject to Sections 7-205 and 7-503, a holder to which a negotiable document of title has been duly negotiated...
• Illinois Uniform Commercial Code. - 810 ILCS 5, Section 7-503
  Document of title to goods defeated in certain cases. (a) A document of title confers no right in goods against a person that before issuance...
• Illinois Uniform Commercial Code. - 810 ILCS 5, Section 7-504
  Rights acquired in absence of due negotiation; effect of diversion; stoppage of delivery. (a) A transferee of a document of title, whether negotiable or nonnegotiable,...
• Illinois Uniform Commercial Code. - 810 ILCS 5, Section 7-505
  Indorser not a guarantor for other parties. The indorsement of a tangible document of title issued by a bailee does not make the indorser liable...
• Illinois Uniform Commercial Code. - 810 ILCS 5, Section 7-506
  Delivery without indorsement: right to compel indorsement. The transferee of a negotiable tangible document of title has a specifically enforceable right to have its transferor...
• Illinois Uniform Commercial Code. - 810 ILCS 5, Section 7-507
  Warranties on negotiation or delivery of document of title. If a person negotiates or delivers a document of title for value, otherwise than as a...
• Illinois Uniform Commercial Code. - 810 ILCS 5, Section 7-508
  Warranties of collecting bank as to documents of title. A collecting bank or other intermediary known to be entrusted with documents of title on behalf...
• Illinois Uniform Commercial Code. - 810 ILCS 5, Section 7-509
  Adequate compliance with commercial contract. Whether a document of title is adequate to fulfill the obligations of a contract for sale, a contract for lease,...

Part 6 Warehouse Receipts and Bills of Lading: Miscellaneous Provisions (Source: P. A. 95-895, Eff. 1-1-09.)

• Illinois Uniform Commercial Code. - 810 ILCS 5, Section 7-601
  Lost, stolen, or destroyed documents of title. (a) If a document of title is lost, stolen, or destroyed, a court may order delivery of the...
• Illinois Uniform Commercial Code. - 810 ILCS 5, Section 7-602
  Judicial process against goods covered by negotiable document of title. Unless a document of title was originally issued upon delivery of the goods by a...
• Illinois Uniform Commercial Code. - 810 ILCS 5, Section 7-603
  Conflicting Claims; Interpleader. If more than one person claims title to or possession of the goods, the bailee is excused from delivery until the bailee...

Part 7miscellaneous Provisions (Source: P. A. 95-895, Eff. 1-1-09.)

• Illinois Uniform Commercial Code. - 810 ILCS 5, Section 7-701
  Effective date. (Blank). (Source: P.A. 95-895, eff. 1-1-09.)
• Illinois Uniform Commercial Code. - 810 ILCS 5, Section 7-702
  Repeals. Section 10-104 of the Uniform Commercial Code is repealed. (Source: P.A. 95-895, eff. 1-1-09.)
• Illinois Uniform Commercial Code. - 810 ILCS 5, Section 7-703
  Applicability. This amendatory Act of the 95th General Assembly applies to a document of title that is issued or a bailment that arises on or...
• Illinois Uniform Commercial Code. - 810 ILCS 5, Section 7-704
  Savings clause. A document of title issued or a bailment that arises before the effective date of this amendatory Act of the 95th General Assembly...

Last modified: February 18, 2015