Va. Code Ann. § 8.9A-107.1 – Control of controllable electronic record, controllable account, or controllable payment intangible | Midpage
§ 8.9A-107.1
Va. Code Ann. § 8.9A-107.1
Control of controllable electronic record, controllable account, or controllable payment intangible
Effective Jul 1, 20242024, c. 652.
(a) Control under § 8.12-105. A secured party has control of a controllable electronic record as provided in § 8.12-105.
(b) Control of controllable account and controllable payment intangible. 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.