(a) A secured party has control of a controllable electronic record as provided in section 4-12-105.(b) A secured party has control of a controllable account or controllable payment intangible if the secured party has control of the controllable electronic record that evidences the controllable account or controllable payment intangible.Added by 2023 Ch. 136,§ 45, eff. 8/7/2023.2023 Ch. 136, was passed without a safety clause. See Colo. Const. art. V, § 1(3).
Colorado Legal Code