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N.C. Gen. Stat. § 25-9-107.1

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

Known as the Uniform Commercial Code

The act spans §§ 25-1-101 to 25-9-710 (616 sections).

2025-25, s. 62.

(a) Control Under G.S. 25-12-105. - A secured party has control of a controllable electronic record as provided in G.S. 25-12-105.

(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: North Carolina General Assembly. Reproduced from public-domain North Carolina statutes; confirm against the official source for the current text. Not legal advice.