§ 6A-9-314 Perfection by control. –(a) Perfection by control. A security interest in investment property,deposit accounts, letter-of-credit rights, electronic chattel paper orelectronic documents may be perfected by control of the collateral under§§ 6A-7-106, 6A-9-104, 6A-9-105, 6A-9-106, or 6A-9-107.
(b) Specified collateral: time of perfection by control;continuation of perfection. A security interest in deposit accounts,electronic chattel paper, letter-of-credit rights or electronic documents isperfected by control under §§ 6A-7-106, 6A-9-104, 6A-9-105, or6A-9-107 when the secured party obtains control and remains perfected bycontrol only while the secured party retains control.
(c) Investment property: time of perfection by control;continuation of perfection. A security interest in investment property isperfected by control under § 6A-9-106 from the time the secured partyobtains control and remains perfected by control until:
(1) The secured party does not have control; and
(2) One of the following occurs:
(i) If the collateral is a certificated security, the debtorhas or acquires possession of the security certificate;
(ii) If the collateral is an uncertificated security, theissuer has registered or registers the debtor as the registered owner; or
(iii) If the collateral is a security entitlement, the debtoris or becomes the entitlement holder.
§ 6A-9-314 Perfection by control. –(a) Perfection by control. A security interest in investment property,deposit accounts, letter-of-credit rights, electronic chattel paper orelectronic documents may be perfected by control of the collateral under§§ 6A-7-106, 6A-9-104, 6A-9-105, 6A-9-106, or 6A-9-107.
(b) Specified collateral: time of perfection by control;continuation of perfection. A security interest in deposit accounts,electronic chattel paper, letter-of-credit rights or electronic documents isperfected by control under §§ 6A-7-106, 6A-9-104, 6A-9-105, or6A-9-107 when the secured party obtains control and remains perfected bycontrol only while the secured party retains control.
(c) Investment property: time of perfection by control;continuation of perfection. A security interest in investment property isperfected by control under § 6A-9-106 from the time the secured partyobtains control and remains perfected by control until:
(1) The secured party does not have control; and
(2) One of the following occurs:
(i) If the collateral is a certificated security, the debtorhas or acquires possession of the security certificate;
(ii) If the collateral is an uncertificated security, theissuer has registered or registers the debtor as the registered owner; or
(iii) If the collateral is a security entitlement, the debtoris or becomes the entitlement holder.
§ 6A-9-314 Perfection by control. –(a) Perfection by control. A security interest in investment property,deposit accounts, letter-of-credit rights, electronic chattel paper orelectronic documents may be perfected by control of the collateral under§§ 6A-7-106, 6A-9-104, 6A-9-105, 6A-9-106, or 6A-9-107.
(b) Specified collateral: time of perfection by control;continuation of perfection. A security interest in deposit accounts,electronic chattel paper, letter-of-credit rights or electronic documents isperfected by control under §§ 6A-7-106, 6A-9-104, 6A-9-105, or6A-9-107 when the secured party obtains control and remains perfected bycontrol only while the secured party retains control.
(c) Investment property: time of perfection by control;continuation of perfection. A security interest in investment property isperfected by control under § 6A-9-106 from the time the secured partyobtains control and remains perfected by control until:
(1) The secured party does not have control; and
(2) One of the following occurs:
(i) If the collateral is a certificated security, the debtorhas or acquires possession of the security certificate;
(ii) If the collateral is an uncertificated security, theissuer has registered or registers the debtor as the registered owner; or
(iii) If the collateral is a security entitlement, the debtoris or becomes the entitlement holder.
