§490:9-106  Control of investment property. 
(a)  A person has control of a certificated security, uncertificated security,
or security entitlement as provided in section 490:8-106.



(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.
[L 2000, c 241, pt of §1]