Section 8.9A-314 - [Effective 7/1/2025] Perfection by control(a) Perfection by control. A security interest in controllable accounts, controllable electronic records, controllable payment intangibles, deposit accounts, electronic documents, electronic money, investment property, or letter-of-credit rights may be perfected by control of the collateral under §§ 8.7-106, 8.9-104A, 8.9A-105A, 8.9A-106 , 8.9A-107, or 8.9A-107A.(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, electronic money, investment property, or letter-of-credit rights is perfected by control under §§ 8.7-106, 8.9-104A, 8.9A-105A, 8.9A-106 , 8.9A-107, or 8.9A-107A not earlier than the time the secured party obtains control and remains perfected by control only while the secured party retains control.(c) Investment property; time of perfection by control; continuation of perfection. A security interest in investment property is perfected by control under § 8.9-106A not earlier than 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;(B) if the collateral is an uncertificated security, the issuer has registered or registers the debtor as the registered owner; or(C) if the collateral is a security entitlement, the debtor is or becomes the entitlement holder.1996, c. 216, § 8.9-115; 2000, c. 1007; 2004, c. 200.Amended by Acts 2024 c. 652,§ 1, eff. 7/1/2025.Amended by Acts 2004, § c.200.Amended by Acts 2000, § c. 1007.Amended by Acts 1996, § c. 216, § 8.9-115.This section is set out more than once due to postponed, multiple, or conflicting amendments.