{"data":{"id":"us-ny/n.y.-uniform-commercial-code-law-9-314","jurisdiction":"us-ny","citation":"N.Y. Uniform Commercial Code Law § 9-314","heading":"Perfection by Control","body":"Section 9--314. Perfection by Control.\n  (a) Perfection by control. A security interest in controllable\naccounts, controllable electronic records, controllable payment\nintangibles, deposit accounts, electronic documents, electronic money,\ninvestment property, or letter-of-credit rights, may be perfected by\ncontrol of the collateral under Section 7--106, 9--104, 9--105A, 9--106,\n9--107 or 9--107A.\n  (b) Specified collateral: time of perfection by control; continuation\nof perfection. A security interest in controllable accounts,\ncontrollable electronic records, controllable payment intangibles,\ndeposit accounts, electronic documents, electronic money, or\nletter-of-credit rights is perfected by control under Section 7--106,\n9--104, 9--105A, 9--107, or 9--107A not earlier than the time when the\nsecured party obtains control and remains perfected by control only\nwhile the secured party retains control.\n  (c) Investment property: time of perfection by control; continuation\nof perfection. A security interest in investment property is perfected\nby control under Section 9--106 not earlier than the time the secured\nparty 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\n               has or acquires possession of the security certificate;\n           (B) if the collateral is an uncertificated security, the\n               issuer has registered or registers the debtor as the\n               registered owner; or\n           (C) if the collateral is a security entitlement, the debtor\n               is or becomes the entitlement holder.\n  (d) Cooperative interests. Subsections (a) through (c) do not apply to\ncooperative interests.","path":["Uniform Commercial Code Law","Article 9. Secured Transactions","Part 3. Perfection and Priority","Subpart 2. Perfection"],"source_url":"https://legislation.nysenate.gov/api/3/laws/UCC/9-314","current_through":"2026-09-11","vintage":"","retrieved_at":"2026-09-14T19:32:45Z","sha256":"30e052c1b651fe4b3fd3fa3b11b7f1eb25807ad8f34e31afde015ccb8be95680","source_id":"us-ny","stale":false,"prev":"us-ny/n.y.-uniform-commercial-code-law-9-313","next":"us-ny/n.y.-uniform-commercial-code-law-9-314a"},"notice":"GroundRules: Original legal text. Not legal advice."}