84-9-314. Perfection by control.
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/ks/chapter-84/84-9-314A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
84-9-314. Perfection by control.
(a)Perfection by control. 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 K.S.A. 2025 Supp. 84-7-106 , and amendments thereto, and K.S.A. 2025 Supp. 84-9-104 , 84-9-105 , 84-9-106 , or 84-9-107 , and amendments thereto.
(b)Specified collateral: Time of perfection by control; continuation of perfection. A security interest in deposit accounts, electronic chattel paper, letter-of-credit rights, or electronic documents is perfected by control under K.S.A. 2025 Supp. 84-7-106 , and amendments thereto, and K.S.A. 2025 Supp. 84-9-104 , 84-9-105 or 84-9-107 , and amendments thereto, when the secured party obtains control and remains perfected by control only while the secured party retains control.
(c)Investment property: Time of perfection by control; continuation of perfection. A security interest in investment property is perfected by control under K.S.A. 2025 Supp. 84-9-106 , and amendments thereto, 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.