Colorado § 4-9-314 Perfection by control

Colorado Statutes

§ 4-9-314 — Perfection by control

Colorado·Title 04 Uniform·Art. Secured Transactions

(a)A security interest in controllable accounts, controllable electronic records, controllable payment intangibles, deposit accounts, electronic documents, investment property, or letter-of-credit rights may be perfected by control of the collateral under section 4-7-106, 4-9-104, 4-9-106, 4-9-107, or 4-9-107.5.

(b)A security interest in controllable accounts, controllable electronic records, controllable payment intangibles, deposit accounts, electronic documents, or letter-of-credit rights is perfected by control under section 4-7-106, 4-9-104, 4-9-107, or 4-9-107.5 not earlier than the time the secured party obtains control and remains perfected by control only while the secured party retains control.

(c)A security interest in investment property is perfected by control under

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(a) A security interest in controllable
accounts, controllable electronic records, controllable payment intangibles, deposit
accounts, electronic documents, investment property, or letter-of-credit rights may
be perfected by control of the collateral under section 4-7-106, 4-9-104, 4-9-106, 4-9-107, or 4-9-107.5.

(b) A security interest in controllable accounts, controllable electronic
records, controllable payment intangibles, deposit accounts, electronic documents,
or letter-of-credit rights is perfected by control under section 4-7-106, 4-9-104, 4-9-107, or 4-9-107.5 not earlier than the time the secured party obtains control and
remains perfected by control only while the secured party retains control.

(c) A security interest in investment property is perfected by control under
section 4-9-106 not earlier than the time the secured party obtains control and
remains 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.

Colorado § 4-9-314 (Perfection by control) — published by Counsel Stack Legal Research, free access to 12M+ legal documents.

Legislative History

Source: L. 2001: Entire article R&RE, p. 1352, � 1, effective July 1. L. 2006: (a) and (b) amended, p. 502, � 41, effective September 1. L. 2023: (a), (b), and IP(c) amended, (SB 23-090), ch. 136, p. 553, � 59, effective August 7.