47-9106. Control of investment property
A. A person has control of a certificated security, uncertificated security or security entitlement as provided in section 47-8106.
B. A secured party has control of a commodity contract if:
1. The secured party is the commodity intermediary with which the commodity contract is carried; or
2. The commodity customer, secured party and commodity intermediary have agreed that the commodity intermediary will apply any value distributed on account of the commodity contract as directed by the secured party without further consent by the commodity customer.
C. A secured party having control of all security entitlements or commodity contracts carried in a securities account or commodity account has control over the securities account or commodity account.
Section: Previous 47-8510 47-8511 47-9101 47-9102 47-9103 47-9104 47-9105 47-9106 47-9107 47-9108 47-9109 47-9110 47-9201 47-9202 47-9203 NextLast modified: October 13, 2016