(a)Control under Code Section 11-12-105. A secured party has control of a controllable electronic record as provided in Code Section 11-12-105.(b)Control of controllable account and controllable payment intangible. 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 2024 Ga. Laws 600,§ 5-44, eff. 7/1/2024.
Georgia Legal Code