Georgia Statutes
§ 11-9-106 — Control of investment property
Georgia·Title 11
(a)Control under Code Section 11-8-106 . A person has control of a certificated security, uncertificated security, or security entitlement as provided in Code Section 11-8-106 .
(b)Control of commodity contract. A secured party has control of a commodity contract if:
(1)The secured party is the commodity intermediary with which the commodity contract is carried; or (2) The commodity customer, secured party, and commodity intermediary have agreed that the commodity intermediary will apply any value distributed on account of the commodity contract as directed by the secured party without further consent by the commodity customer.
(c)Effect of control of securities account or commodity account. A secured party having control of all security entitlements or commodity contracts carried in a
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Reis v. Ralls
301 S.E.2d 40 (Supreme Court of Georgia, 1983)
Financial Security Assurance, Inc. v. Tollman-Hundley Dalton, L.P.
165 B.R. 698 (N.D. Georgia, 1994)
In Re Rumker
184 B.R. 621 (S.D. Georgia, 1995)
Whiting-Turner/A.L. Johnson v. P.D.H. Development, Inc.
184 F. Supp. 2d 1368 (M.D. Georgia, 2000)
Metter Banking Co. v. Fisher Foods, Inc.
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Legislative History
Added by 2001 Ga. Laws 191, § 1, eff. 7/1/2001.
Nearby Sections
15
§ 11-1-101
Short titles§ 11-1-102
Scope of article§ 11-1-104
Construction against implicit repeal§ 11-1-105
Severability§ 11-1-106
Use of singular and plural; gender§ 11-1-107
Section captions§ 11-1-201
General definitions§ 11-1-202
Notice; knowledge§ 11-1-204
Value§ 11-1-205
Reasonable time; seasonableness§ 11-1-206
Presumptions