Texas Business & Commerce Code
§ 9.314 — PERFECTION BY CONTROL
BC § 9.314Title 1. UNIFORM COMMERCIAL CODE · Ch. 9. SECURED TRANSACTIONS · Art. C. PERFECTION AND PRIORITY
Statute text
View on source(a)A security interest in investment property, deposit accounts, letter-of-credit rights, virtual currencies, electronic chattel paper, or electronic documents may be perfected by control of the collateral under Section 7.106, 9.104, 9.105, 9.106, 9.107, or 9.1071.
(b)A security interest in deposit accounts, electronic chattel paper, virtual currencies, letter-of-credit rights, or electronic documents is perfected by control under Section 7.106, 9.104, 9.105, 9.107, or 9.1071 when 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 9.106 from 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;
…
Legislative history
Acts 2005, 79th Leg., Ch. 122 (S.B. 1593), Sec. 27, eff. September 1, 2005. Acts 2021, 87th Leg., R.S., Ch. 739 (H.B. 4474), Sec. 6, eff. September 1, 2021.