§ 9-314
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/md/commercial-law/9-314A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
§9–314.
(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 § 7-106, § 9-104, § 9-105, § 9-106, or § 9-107.
(b)A security interest in deposit accounts, electronic chattel paper, letter-of-credit rights, or electronic documents is perfected by control under § 7-106, § 9-104, § 9-105, or § 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 § 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.