§490:9-314  Perfection by control.  (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 section 490:7-106, 490:9-104, 490:9-105,
490:9-106, or 490:9-107.



(b)  A security interest in deposit accounts,
electronic chattel paper, letter-of-credit rights, or electronic documents is
perfected by control under section 490:7-106, 490:9-104, 490:9-105, or
490:9-107 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 section 490:9-106 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. [L 2000, c 241,
pt of §1; am L 2004, c 163, §29]