§ 34.1-9-106 — Control of investment property

Wyoming § 34.1-9-106

• Jurisdiction: Wyoming
• Title 34.1: Uniform Commercial Code
• Art. 9: SECURED TRANSACTIONS

Text

(a) A person has control of a certificated security,
uncertificated security or security entitlement as provided in
section 34.1-8-106.
(b) A secured party has control of a commodity contract
if:
(i) The secured party is the commodity intermediary
with which the commodity contract is carried; or
(ii) 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) A secured party having control of all security
entitlements or commodity contracts carried in a securities
account or commodity account has control over the securities
account or commodity account.