1. (1) A secured party has control of a controllable electronic record as provided in 30-12A-105.
2. (2) A secured party has control of a controllable account or controllable payment intangible if the secured party has control of the controllable electronic record that evidences the controllable account or controllable payment intangible.

History: En. Sec. 48, Ch. 200, L. 2025.