Justice CAHILL delivered the opinion of the court:
The parties to this appeal created a security interest in the form of a pledge in a deposit bank account, but required each other to endorse checks written from that account. The issue we address is whether the two signature requirement defeats an otherwise valid pledge under article 9 of the Uniform Commercial Code (810 ILCS 5/9-101 et seq. (West 1992)).
The Edibles Corporation obtained a judgment...
Let's get started
Welcome to the leading source of independent legal reporting
Sign on now to see your case.
Or view more than 10 million decisions and orders.
- Updated daily.
- Uncompromising quality.
- Complete, Accurate, Current.
