47-9106. Control of investment
property


A. A person has control of a certificated security, uncertificated security or
security entitlement as provided in section 47-8106.


B. A secured party has control of a commodity contract if:


1. The secured party is the commodity intermediary with which the commodity
contract is carried; or


2. The commodity customer, secured party and commodity intermediary have agreed
that the commodity intermediary will apply any value distributed on account of the
commodity contract as directed by the secured party without further consent by the
commodity customer.


C. A secured party having control of all security entitlements or commodity
contracts carried in a securities account or commodity account has control over the
securities account or commodity account.