Section 10:9-314 - 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, letter-of-credit rights, or a life insurance policy may be perfected by control of the collateral under R.S. 10:7-106, 9-104, 9-106, 9-107, 9-107.1, or 9-107.3.(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, a life insurance policy, or letter-of-credit rights is perfected by control under R.S. 10:7-106, 9-104, 9-107, 9-107.1, or 9-107.3 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 R.S. 10:9-106 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.Amended by Acts 2024, No. 773,s. 1, eff. 8/1/2024.Acts 1988, No. 528, §1, eff. 1/1/1990; Acts 1989, No. 135, §7, eff. 1/1/1990; Acts 1990, No. 1079, §4, eff. 9/1/1990; Acts 2001, No. 128, §1, eff. 7/1/2001; Acts 2009, No. 207, §5, eff. 1/1/2010.