(a) Perfection by control.
respect of collateral securing them, 52
Perfection of security interests by possession, delivery, or control under revised Article 9 of Uniform Commercial Code, 53 A.L.R.6th 159.
Definition and Treatment of “Instruments” Under Revised Article 9 of Uniform Commercial Code, 42 A.L.R.7th Art.
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 Code Section 11-7-106, 11-9-104, 11-9-105, 11-9-106, or 11-9-107.
(b) Specified collateral; time of perfection by control; continuation of perfection. A security interest in deposit accounts, electronic chattel paper, letter of credit rights, or electronic documents is perfected by control under Code Section 11-7-106, 11-9-104, 11-9-105, or 11-9-107 when 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 Code Section 11-9-106 from 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.