§ 9-314. 9-314
203 words·~1 min read·
/us/ucc/a9/s9-314A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
(a)[Perfection by control.] 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 Section 9-104 , 9-105 , 9-106 , or 9-107 .
(b)[Specified collateral: time of perfection by control; continuation of perfection.] A security interest in deposit accounts , electronic chattel paper , or letter-of-credit rights is perfected by control under Section 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)[Investment property: time of perfection by control; continuation of perfection.] A security interest in investment property is perfected by control under Section 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.
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§ 9-314
9-314
Fed. Reg.×3
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