Control of controllable electronic record, controllable account, or controllable payment intangible

(a) Control under § 8.12-105 . A secured party has control of a controllable electronic record as provided in § 8.12-105 . (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. 2024, c. 652 .