§ 57a-9-314

57A-9-314. Perfection by control.(a) A security interest in controllable accounts, controllable electronic records, controllable payment intangibles, deposit accounts, electronic documents, electronic money, investment property, or letter-of-credit rights may be perfected by control of the collateral under §57A-7-106, 57A-9-104, 57A-9-105.1, 57A-9-106, 57A-9-107, or 57A-9-107.1.(b) A security interest in controllable accounts, controllable electronic records, controllable payment intangibles, deposit accounts, electronic documents, electronic money, or letter-of-credit rights is perfected by control under §57A-7-106, 57A-9-104, 57A-9-105.1, 57A-9-107, or 57A-9-107.1 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 §57A-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

:(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: SL 2000, ch 231; SL 2009, ch 254, §833; SL 2024, ch 198, §63.