§490:9-314  Perfection by control.  (a)  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 section 490:7-106, 490:9-104, 490:9-105.5, 490:9-106, 490:9-107, or 490:9-107.5.

     (b)  A security interest in controllable accounts, controllable electronic records, controllable payment intangibles, deposit accounts, electronic documents, electronic money, or letter-of-credit rights shall be deemed perfected by control under section 490:7-106, 490:9-104, 490:9-105.5, 490:9-107, or 490:9-107.5 no earlier than the time the secured party obtains control and shall be deemed to remain perfected by control only while the secured party retains control.

     (c)  A security interest in investment property shall be deemed perfected by control under section 490:9-106 no earlier than the time the secured party obtains control and shall be deemed to remain 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. [L 2000, c 241, pt of §1; am L 2004, c 163, §29; am L 2023, c 132, §49]