30-9-334. (Effective July 1, 2001) Perfection by control. (1) A security interest in investment property, a deposit account, a letter-of-credit right, or electronic chattel paper may be perfected by control of the collateral under 30-9-124, 30-9-125, 30-9-126, or 30-9-127.
     (2) A security interest in a deposit account, electronic chattel paper, or a letter-of-credit right is perfected by control under 30-9-124, 30-9-125, or 30-9-127 when the secured party obtains control and remains perfected by control only while the secured party retains control.
     (3) A security interest in investment property is perfected by control under 30-9-126 from the time the secured party obtains control and remains perfected by control until:
     (a) the secured party does not have control; and
     (b) one of the following occurs:
     (i) if the collateral is a certificated security, the debtor has or acquires possession of the security certificate;
     (ii) if the collateral is an uncertificated security, the issuer has registered or registers the debtor as the registered owner; or
     (iii) if the collateral is a security entitlement, the debtor is or becomes the entitlement holder.

     History: En. Sec. 33, Ch. 305, L. 1999.