§490:9-314 Perfection by control. (a) A security interest in investment property, deposit accounts, letter-of-credit rights, electronic chattel paper, or electronic documents may be perfected by control of the collateral under section 490:7-106, 490:9-104, 490:9-105, 490:9-106, or 490:9-107.
(b) A security interest in deposit accounts, electronic chattel paper, letter-of-credit rights, or electronic documents is perfected by control under section 490:7-106, 490:9-104, 490:9-105, or 490:9-107 when the secured party obtains control and remains perfected by control only while the secured party retains control.
(c) A security interest in investment property is perfected by control under section 490:9-106 from the time the secured party obtains control and remains perfected by control until:
(1) The secured party does not have control; and
(2) One of the following occurs:
(A) If the collateral is a certificated security, the debtor has or acquires possession of the security certificate;
(B) If the collateral is an uncertificated security, the issuer has registered or registers the debtor as the registered owner; or
(C) If the collateral is a security entitlement, the debtor is or becomes the entitlement holder. [L 2000, c 241, pt of §1; am L 2004, c 163, §29]
Section: Previous 490-9-307 490-9-308 490-9-309 490-9-310 490-9-311 490-9-312 490-9-313 490-9-314 490-9-315 490-9-316 490-9-317 490-9-318 490-9-319 490-9-320 490-9-321 NextLast modified: October 27, 2016