PERFECTION BY CONTROL (a) 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, 1-9-104, 1-9-106, 1-9-107, or 1-9-107A of this title.(b) 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 1-9-104, 1-9-107, or 1-9-107A of this title not earlier than the time the secured party obtains control and remains perfected by control only while the secured party retains control.(c) A security interest in investment property is perfected by control under Section 1-9-106 of this title 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 ontrol; 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.Added by Laws 2000, c. 371, § 34, eff. July 1, 2001. Amended by Laws 2005, c. 140, § 67, eff. Jan. 1, 2006; Laws 2024, c. 13, § 61, eff. Nov. 1, 2024.
Oklahoma Legal Code