382-A:9-314 Perfection by Control. – (a)Perfection by control. A security interest in controllable accounts, controllable electronic records, controllable payment intangibles, deposit accounts, electronic documents, investment property, or letter-of-credit rights may be perfected by control of the collateral under Section 7-106, 9-104, 9-106, 9-107, or 9-107A. (b)Specified collateral: time of perfection by control; continuation of perfection. A security interest in controllable accounts, controllable electronic records, controllable payment intangibles, deposit accounts, electronic documents, or letter-of-credit rights is perfected by control under Section 7-106, 9-104, 9-107, or 9-107A not earlier than the time the secured party obtains control and remains perfected by control only while the secured party retains control. (c)Investment property: time of perfection by control; continuation of perfection. A security interest in investment property is perfected by control under Section 9-106 not earlier than 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 9-106 not earlier than 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. Source. 2001, 102:25, eff. July 1, 2001. 2006, 169:44, eff. Jan. 1, 2007. 2022, 281:65, eff. Jan. 1, 2023. 2023, 236:47, 101, eff. Oct. 7, 2023.
New Hampshire Legal Code