RS 10:9-107.3: Control of controllable electronic record, controllable account, or controllable payment intangible

(a) Control under R.S. 10:12-105. A secured party has control of a controllable electronic record as provided in R.S. 10:12-105.

(b) Control of controllable account and controllable payment intangible. A secured party has control of a controllable account or controllable payment intangible if the secured party has control of the controllable electronic record that evidences the controllable account or controllable payment intangible.