Oklahoma § 12A-1-9-314 Perfection by control.

Oklahoma Statutes

§ 12A-1-9-314 — Perfection by control.

Oklahoma·Title 12A Uniform Commercial Code

PERFECTION BY CONTROL (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 7-106, 1-9-104, 1-9-106, 1-9-107, or 1-9-107A of this title.

(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 1-9-104, 1-9-107, or 1-9-107A of this title 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

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PERFECTION BY CONTROL (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 7-106, 1-9-104, 1-9-106, 1-9-107, or 1-9-107A of this title. (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 1-9-104, 1-9-107, or 1-9-107A of this title 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 1-9-106 of this title 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.

Oklahoma § 12A-1-9-314 (Perfection by control.) — published by Counsel Stack Legal Research, free access to 12M+ legal documents.

Legislative History

Added by Laws 2000, c. 371, § 34, eff. July 1, 2001. Amended by Laws 2005, c. 140, § 67, eff. Jan. 1, 2006; Laws 2024, c. 13, § 61, eff. Nov. 1, 2024.