RCW 62A.9A-314
277 words·~1 min read·
/wa/title-62a/chapter-62a-9a/62a-9a-314·A 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 controllable accounts, controllable electronic records, controllable payment intangibles, deposit accounts, electronic documents, electronic money, investment property, or letter-of-credit rights may be perfected by control of the collateral under RCW 62A.7-106 , 62A.9A-104 , 62A.9A-106 , 62A.9A-107 , 62A.9A-1051 , or 62A.9A-1071 .
(b)Specified collateral: Time of perfection by control; continuation of perfection. A security interest in controllable accounts, controllable electronic records, controllable payment intangibles, deposit accounts, electronic documents, electronic money, or letter-of-credit rights is perfected by control under RCW 62A.7-106 , 62A.9A-104 , 62A.9A-107 , 62A.9A-1051 , or 62A.9A-1071 not earlier than the time 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 RCW 62A.9A-106 not earlier than 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.
[ 2023 c 266 s 921 ; 2012 c 214 s 1512 ; 2000 c 250 s 9A-314.]
Notes:
Construction — Effective date — 2023 c 266: See notes following RCW 62A.12-101 .
Application — Savings — 2012 c 214: See notes following RCW 62A.1-101 .