Section 9-1314 - [Effective Until 7/1/2025] Perfection by control(1). A security interest in investment property, deposit accounts, letter-of-credit rights, electronic chattel paper or electronic documents may be perfected by control of the collateral under section 7-1106, 9-1104, 9-1105, 9-1106 or 9-1107. [2009, c. 324, Pt. B, §39(AMD); 2009, c. 324, Pt. B, §48(AFF).]
(2). A security interest in deposit accounts, electronic chattel paper, letter-of-credit rights or electronic documents is perfected by control under section 7-1106, 9-1104, 9-1105 or 9-1107 when the secured party obtains control and remains perfected by control only while the secured party retains control. [2009, c. 324, Pt. B, §40(AMD); 2009, c. 324, Pt. B, §48(AFF).]
(3). A security interest in investment property is perfected by control under section 9-1106 from the time the secured party obtains control and remains perfected by control until: (a). The secured party does not have control; and [1999, c. 699, Pt. A, §2(NEW); 1999, c. 699, Pt. A, §4(AFF).](b). One of the following occurs: (i) If the collateral is a certificated security, the debtor has or acquires possession of the security certificate;(ii) If the collateral is an uncertificated security, the issuer has registered or registers the debtor as the registered owner; or(iii) If the collateral is a security entitlement, the debtor is or becomes the entitlement holder. [1999, c. 699, Pt. A, §2(NEW); 1999, c. 699, Pt. A, §4(AFF).] [1999, c. 699, Pt. A, §2(NEW); 1999, c. 699, Pt. A, §4(AFF).]
1999, c. 699, §A2 (NEW) . 1999, c. 699, §A4 (AFF) . 2009, c. 324, Pt. B, §§39, 40 (AMD) . 2009, c. 324, Pt. B, §48 (AFF) .This section is set out more than once due to postponed, multiple, or conflicting amendments.