Section 41-09-34 - (9-314) Perfection by control1. A security interest in controllable accounts, controllable electronic records, controllable payment intangibles, deposit accounts, uncertificated certificates of deposit, electronic documents, electronic money, investment property, or letter-of-credit rights may be perfected by control of the collateral under section 41-07-06, 41-09-04, 41-09-05.1, 41-09-06, 41-09-07, or 41-09-07.1.2. A security interest in controllable accounts, controllable electronic records, controllable payment intangibles, deposit accounts, electronic documents, uncertificated certificates of deposit, electronic money, or letter-of-credit rights is perfected by control under section 41-07-06, 41-09-04, 41-09-05.1, 41-09-07 , or 41-09-07.1 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 section 41-09-06 not earlier than the time the secured party obtains control and remains perfected by control until:a. The secured party does not have control; andb. One 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; or(3) If the collateral is a security entitlement, the debtor is or becomes the entitlement holder.Amended by S.L. 2023 , ch. 371( HB 1082 ), § 62, eff. 8/1/2023.