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13 Pa.C.S. § 9107.1

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

Known as the Uniform Commercial Code

The act spans §§ 13-1101 to 13-9809 (634 sections).

(July 1, 2024, P.L.450, No.41, eff. 60 days)

(a) Control under section 12105.--A secured party has control of a controllable electronic record as provided in section 12105 (relating to control of controllable electronic record).

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