(A) A person has control of a certificated security, uncertificated security, or security entitlement as provided in section 1308.24 of the Revised Code.
(B) A secured party has control over 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.
Effective Date: 07-01-2001
Section: Previous 1309.01-to-1309.50 1309.101 1309.102 1309.103 1309.104 1309.105 1309.106 1309.107 1309.108 1309.109 1309.110 1309.201 1309.202 1309.203 1309.204 NextLast modified: October 10, 2016