Del. Code tit. 6, § 9-107A

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

Known as the Uniform Commercial Code

The act spans §§ 6-1-101 to 6-9-111 (106 sections).

84 Del

(a) Control under Section 12-105. —

A secured party has control of a controllable electronic record as provided in Section 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.

Official source: Delaware Code Online. Reproduced from public-domain Delaware statutes; confirm against the official source for the current text. Not legal advice.