(810 ILCS 5/9-319)
Sec. 9-319.
Rights and title of consignee with respect to creditors and
purchasers.
(a) Consignee has consignor's rights. Except as otherwise
provided in subsection (b), for purposes of determining the rights of creditors
of,
and purchasers for value of goods from, a consignee, while the goods are in the
possession of the consignee, the consignee is deemed to have rights and title
to the
goods identical to those the consignor had or had power to transfer.
(b) Applicability of other law. For purposes of determining the
rights of a creditor of a consignee, law other than this Article determines the
rights
and title of a consignee while goods are in the consignee's possession if,
under this
Part, a perfected security interest held by the consignor would have priority
over
the rights of the creditor.
(Source: P.A. 91-893, eff. 7-1-01.)
|