(1) A security interest in investment property, deposit accounts, letter-of-credit rights or electronic chattel paper may be perfected by control of the collateral under ORS 79.0104, 79.0105, 79.0106 or 79.0107.
(2) A security interest in deposit accounts, electronic chattel paper or letter-of-credit rights is perfected by control under ORS 79.0104, 79.0105 or 79.0107 when the secured party obtains control and remains perfected by control only while the secured party retains control.
(3) A security interest in investment property is perfected by control under ORS 79.0106 from the time the secured party obtains control and remains perfected by control until:
(a) The secured party does not have control; and
(b) 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. [2001 c.445 §34]
Section: Previous 79.0307 79.0308 79.0309 79.0310 79.0311 79.0312 79.0313 79.0314 79.0315 79.0316 79.0317 79.0318 79.0319 79.0320 79.0321 NextLast modified: August 7, 2008