<?xml version='1.0' encoding='utf-8'?>
<section article="gcl" article_name="Commercial Law" number="9-314" title_number="9" title_name="Secured Transactions" subtitle_number="3" subtitle_name="Perfection and Priority">
  <level label="a">
    <text>A security interest in investment property, deposit accounts, letter-of-credit rights, electronic chattel paper, or electronic documents may be perfected by control of the collateral under § 7-106, § 9-104, § 9-105, § 9-106, or § 9-107.</text>
  </level>
  <level label="b">
    <text>A security interest in deposit accounts, electronic chattel paper, letter-of-credit rights, or electronic documents is perfected by control under § 7-106, § 9-104, § 9-105, or § 9-107 when the secured party obtains control and remains perfected by control only while the secured party retains control.</text>
  </level>
  <level label="c">
    <text>A security interest in investment property is perfected by control under § 9-106 from the time the secured party obtains control and remains perfected by control until:</text>
    <level label="1">
      <text>The secured party does not have control; and</text>
    </level>
    <level label="2">
      <text>One of the following occurs:</text>
      <level label="A">
        <text>If the collateral is a certificated security, the debtor has or acquires possession of the security certificate;</text>
      </level>
      <level label="B">
        <text>If the collateral is an uncertificated security, the issuer has registered or registers the debtor as the registered owner; or</text>
      </level>
      <level label="C">
        <text>If the collateral is a security entitlement, the debtor is or becomes the entitlement holder.</text>
      </level>
    </level>
  </level>
</section>
