New York § 9-107A Control of Controllable Electronic Record, Controllable Account, or Controllable Payment Intangible

New York Statutes

§ 9-107A — Control of Controllable Electronic Record, Controllable Account, or Controllable Payment Intangible

New York·Law UCC Uniform Commercial Code·Part 1 General Provisions·Subpart 1 Short Title, Definitions, and General Concepts·Art. 9 Secured Transactions

* Section 9--107A. Control of Controllable Electronic Record,\n                  Controllable Account, or Controllable Payment\n                  Intangible.\n  (a) Control under Section 12--105. A secured party has control of a\ncontrollable electronic record as provided in Section 12--105.\n  (b) Control of controllable account and controllable payment\nintangible.  A secured party has control of a controllable account or\ncontrollable payment intangible if the secured party has control of the\ncontrollable electronic record that evidences the controllable account\nor controllable payment intangible.\n  * NB Effective June 3, 2026\n

Free access — add to your briefcase to read the full text and ask questions with AI

* Section 9--107A. Control of Controllable Electronic Record,\n Controllable Account, or Controllable Payment\n Intangible.\n (a) Control under Section 12--105. A secured party has control of a\ncontrollable electronic record as provided in Section 12--105.\n (b) Control of controllable account and controllable payment\nintangible. A secured party has control of a controllable account or\ncontrollable payment intangible if the secured party has control of the\ncontrollable electronic record that evidences the controllable account\nor controllable payment intangible.\n * NB Effective June 3, 2026\n

New York § 9-107A (Control of Controllable Electronic Record, Controllable Account, or Controllable Payment Intangible) — published by Counsel Stack Legal Research, free access to 12M+ legal documents.