* Section 9--314. Perfection by Control.\n (a) Perfection by control. A security interest in investment property,\ndeposit accounts, letter-of-credit rights, electronic chattel paper, or\nelectronic documents may be perfected by control of the collateral under\nSection 7--106, 9--104, 9--105, 9--106, or 9--107.\n (b) Specified collateral: time of perfection by control; continuation\nof perfection. A security interest in deposit accounts, electronic\nchattel paper, letter-of-credit rights, or electronic documents is\nperfected by control under Section 7--106, 9--104, 9--105, or 9--107\nwhen the secured party obtains control and remains perfected by control\nonly while the secured party retains control.\n (c) Investment property: time of perfection by control; continuation\nof perfection. A security interest in investment property is perfected\nby control under Section 9--106 from the time the secured party obtains\ncontrol and remains perfected by control until:\n (1) the secured party does not have control; and\n (2) one of the following occurs:\n (A) if the collateral is a certificated security, the debtor\n has or acquires possession of the security certificate;\n (B) if the collateral is an uncertificated security, the\n issuer has registered or registers the debtor as the\n registered owner; or\n (C) if the collateral is a security entitlement, the debtor\n is or becomes the entitlement holder.\n (d) Cooperative interests. Subsections (a) through (c) do not apply to\ncooperative interests.\n * NB Effective until June 3, 2026\n* Section 9--314. Perfection by Control.\n(a) Perfection by control. A security interest in controllable accounts,\ncontrollable electronic records, controllable payment intangibles,\ndeposit accounts, electronic documents, electronic money, investment\nproperty, or letter-of-credit rights, may be perfected by control of the\ncollateral under Section 7--106, 9--104, 9--105A, 9--106, 9--107 or\n9--107A.\n(b) Specified collateral: time of perfection by control; continuation of\nperfection. A security interest in controllable accounts, controllable\nelectronic records, controllable payment intangibles, deposit accounts,\nelectronic documents, electronic money, or letter-of-credit rights is\nperfected by control under Section 7--106, 9--104, 9--105A, 9--107, or\n9--107A not earlier than the time when the secured party obtains control\nand remains perfected by control only while the secured party retains\ncontrol.\n(c) Investment property: time of perfection by control; continuation of\nperfection. A security interest in investment property is perfected by\ncontrol under Section 9--106 not earlier than the time the secured party\nobtains control and remains perfected by control until:\n (1) the secured party does not have control; and\n (2) one of the following occurs:\n (A) if the collateral is a certificated security, the debtor\n has or acquires possession of the security certificate;\n (B) if the collateral is an uncertificated security, the\n issuer has registered or registers the debtor as the\n registered owner; or\n (C) if the collateral is a security entitlement, the debtor\n is or becomes the entitlement holder.\n(d) Cooperative interests. Subsections (a) through (c) do not apply to\ncooperative interests.\n * NB Effective June 3, 2026\n
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