{"data":{"id":"us-la/rs-10-9-314","jurisdiction":"us-la","citation":"RS 10:9-314","heading":"Perfection by control","body":"(a) Perfection by control. A security interest in controllable accounts, controllable electronic records, controllable payment intangibles, deposit accounts, electronic documents, investment property, letter-of-credit rights, or a life insurance policy may be perfected by control of the collateral under R.S. 10:7-106, 9-104, 9-106, 9-107, 9-107.1, or 9-107.3.\n(b) Specified collateral: time of perfection by control; continuation of perfection. A security interest in controllable accounts, controllable electronic records, controllable payment intangibles, deposit accounts, electronic documents, a life insurance policy, or letter-of-credit rights is perfected by control under R.S. 10:7-106, 9-104, 9-107, 9-107.1, or 9-107.3 not earlier than the time the secured party obtains control and remains perfected by control only while the secured party retains control.\n(c) Investment property: time of perfection by control; continuation of perfection. A security interest in investment property is perfected by control under R.S. 10:9-106 not earlier than the time the secured party obtains control and remains perfected by control until:\n(1) the secured party does not have control; and\n(2) one of the following occurs:\n(A) if the collateral is a certificated security, the debtor has or acquires possession of the security certificate;\n(B) if the collateral is an uncertificated security, the issuer has registered or registers the debtor as the registered owner; or\n(C) if the collateral is a security entitlement, the debtor is or becomes the entitlement holder.","path":["TITLE 10. COMMERCIAL LAWS"],"source_url":"https://www.legis.la.gov/legis/Law.aspx?d=74415","current_through":"2025 First Extraordinary Session","vintage":"","retrieved_at":"2026-09-14T04:50:08Z","sha256":"5b4a0a2fc1e4936d4b0a823633a28c563ed7e4d5cae9bfe98bc63a8751f2a0a6","source_id":"us-la","stale":false,"prev":"us-la/rs-10-9-313","next":"us-la/rs-10-9-314.1"},"notice":"GroundRules: Original legal text. Not legal advice."}