Section 106:9-314 - Perfection by control(a) Perfection by control. 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 Sections 9-104, 9-105, 9-106, 9-107 or 7-106.(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 Sections 9-104, 9-105, 9-107 or 7-106 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 Section 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.Mass. Gen. Laws ch. 106, § 9-314
Amended by Acts 2013 , c. 30, §§ 66, 67, 68, 69 eff. 7/1/2013.Amended by Acts 2001 , c. 26, § 39, eff. 7/1/01.