Section 355.9-314 - [Effective 1/1/2025] Perfection by control(1) 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 KRS 355.7-106, 355.9-104, Section 47 of this Act, 355.9-106, 355.9-107, or Section 48 of this Act.(2) 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 KRS 355.7-106, 355.9-104, Section 47 of this Act, 355.9-107, or Section 48 of this Act not earlier than the time the secured party obtains control and remains perfected by control only while the secured party retains control.(3) A security interest in investment property is perfected by control under KRS 355.9-106 not earlier than the time the secured party obtains control and remains perfected by control until: (a) The secured party does not have control; and(b) One (1) of the following occurs: 1. If the collateral is a certificated security, the debtor has or acquires possession of the security certificate;2. If the collateral is an uncertificated security, the issuer has registered or registers the debtor as the registered owner; or3. If the collateral is a security entitlement, the debtor is or becomes the entitlement holder.Amended by 2024 Ky. Acts ch. 10,§ 64, eff. 1/1/2025.Amended by 2012 Ky. Acts ch. 132,§ 71, eff. 7/11/2012. Repealed and reenacted 2000, Ky. Acts ch. 408, sec. 54, effective 7/1/2001. -- Created 1958 Ky. Acts ch. 77, sec. 9-314, effective 7/1/1960.This section is set out more than once due to postponed, multiple, or conflicting amendments.