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N.Y. U.C.C. 9-107a

Control of Controllable Electronic Record, Controllable Account, or Controllable Payment Intangible

Redline — January 1, 2026 → current.View current text →
Current — June 29, 2026
As of January 1, 2026
* Section 9--107A. Control of Controllable Electronic Record,\n Controllable Account, or Controllable Payment\n Intangible.\n (a) Control under Section 12--105. A secured party has control of a\ncontrollable electronic record as provided in Section 12--105.\n (b) Control of controllable account and controllable payment\nintangible. A secured party has control of a controllable account or\ncontrollable payment intangible if the secured party has control of the\ncontrollable electronic record that evidences the controllable account\nor controllable payment intangible.\n * NB Effective June 3, 2026\n
Section 9--107A. Control of Controllable Electronic Record, Controllable\n Account, or Controllable Payment Intangible.\n (a) Control under Section 12--105. A secured party has control of a\ncontrollable electronic record as provided in Section 12--105.\n (b) Control of controllable account and controllable payment\nintangible. A secured party has control of a controllable account or\ncontrollable payment intangible if the secured party has control of the\ncontrollable electronic record that evidences the controllable account\nor controllable payment intangible.\n

Official source: NYS Open Legislation (New York State Senate). Reproduced from public-domain New York statutes; confirm against the official source for the current text. Not legal advice.