1. (a) 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 § 7-106, § 9-104, § 9-105, § 9-106, or § 9-107.
2. (b) A security interest in deposit accounts, electronic chattel paper, letter-of-credit rights, or electronic documents is perfected by control under § 7-106, § 9-104, § 9-105, or § 9-107 when the secured party obtains control and remains perfected by control only while the secured party retains control.

3. (c) A security interest in investment property is perfected by control under § 9-106 from the time the secured party obtains control and remains perfected by control until:

   1. (1) The secured party does not have control; and

   2. (2) One of the following occurs:

      1. (A) If the collateral is a certificated security, the debtor has or acquires possession of the security certificate;
      2. (B) If the collateral is an uncertificated security, the issuer has registered or registers the debtor as the registered owner; or
      3. (C) If the collateral is a security entitlement, the debtor is or becomes the entitlement holder.

Added by Acts 1999, c. 282, § 2, eff. July 1, 2001. Amended by Acts 2004, c. 95, § 2, eff. Oct. 1, 2004.