Priority of security interest in controllable account, controllable electronic record, and controllable payment intangible. A security interest in a controllable account, controllable electronic record, or controllable payment intangible held by a secured party having control of the account, electronic record, or payment intangible has priority over a conflicting security interest held by a secured party that does not have control. (Apr. 20, 2024, D.C. Law 25-158, § 2(j)(25), 71 DCR 2265.)
District of Columbia Legal Code