(a) 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 section 42a-7-106, 42a-9-104, 42a-9-105, 42a-9-106 or 42a-9-107.
(b) A security interest in deposit accounts, electronic chattel paper, letter-of-credit rights or electronic documents is perfected by control under section 42a-7-106, 42a-9-104, 42a-9-105 or 42a-9-107 when the secured party obtains control and remains perfected by control only while the secured party retains control.
(c) A security interest in investment property is perfected by control under section 42a-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.
(1959, P.A. 133, S. 9-314; P.A. 01-132, S. 34; P.A. 04-64, S. 69.)
History: P.A. 01-132 replaced former provisions re accessions with provisions re when a security interest is perfected by control; P.A. 04-64 amended Subsecs. (a) and (b) by adding “or electronic documents” and adding reference to Sec. 42a-7-106 to conform to revisions made to article 7 by the same act.
Structure Connecticut General Statutes
Title 42a - Uniform Commercial Code
Article 9 - Secured Transactions
Section 42a-9-101. - Short title.
Section 42a-9-102. - Definitions and index of definitions.
Section 42a-9-103a. - Purchase-money security interest.
Section 42a-9-104. - Control of deposit account.
Section 42a-9-105. - Control of electronic chattel paper.
Section 42a-9-106. - Control of investment property.
Section 42a-9-107. - Control of letter-of-credit right.
Section 42a-9-108. - Sufficiency of description.
Section 42a-9-110. - Security interests arising under article 2 or 2A.
Section 42a-9-111. - Applicability of bulk transfer laws.
Section 42a-9-201. - General effectiveness of security agreement.
Section 42a-9-202. - Title to collateral immaterial.
Section 42a-9-204. - After-acquired property. Future advances.
Section 42a-9-205. - Use or disposition of collateral permissible.
Section 42a-9-206. - Security interest arising in purchase or delivery of financial asset.
Section 42a-9-206a. - Effectiveness of security agreement in household furniture.
Section 42a-9-207. - Rights and duties of secured party having possession or control of collateral.
Section 42a-9-208. - Additional duties of secured party having control of collateral.
Section 42a-9-209. - Duties of secured party if account debtor has been notified of assignment.
Section 42a-9-301. - Law governing perfection and priority of security interests.
Section 42a-9-302. - Law governing perfection and priority of agricultural liens.
Section 42a-9-307. - Location of debtor.
Section 42a-9-309. - Security interest perfected upon attachment.
Section 42a-9-314. - Perfection by control.
Section 42a-9-315. - Secured party's rights on disposition of collateral and in proceeds.
Section 42a-9-316. - Effect of change in governing law.
Section 42a-9-319. - Rights and title of consignee with respect to creditors and purchasers.
Section 42a-9-320. - Buyer of goods.
Section 42a-9-323. - Future advances.
Section 42a-9-324. - Priority of purchase-money security interests.
Section 42a-9-325. - Priority of security interests in transferred collateral.
Section 42a-9-326. - Priority of security interests created by new debtor.
Section 42a-9-327. - Priority of security interests in deposit account.
Section 42a-9-328. - Priority of security interests in investment property.
Section 42a-9-329. - Priority of security interests in letter-of-credit right.
Section 42a-9-330. - Priority of purchaser of chattel paper or instrument.
Section 42a-9-332. - Transfer of money. Transfer of funds from deposit account.
Section 42a-9-333. - Priority of certain liens arising by operation of law.
Section 42a-9-334. - Priority of security interests in fixtures and crops.
Section 42a-9-335. - Accessions.
Section 42a-9-336. - Commingled goods.
Section 42a-9-337. - Priority of security interests in goods covered by certificate of title.
Section 42a-9-339. - Priority subject to subordination.
Section 42a-9-340. - Effectiveness of right of recoupment or set-off against deposit account.
Section 42a-9-341. - Bank's rights and duties with respect to deposit account.
Section 42a-9-401. - Alienability of debtor's rights.
Section 42a-9-402. - Secured party not obligated on contract of debtor or in tort.
Section 42a-9-403. - Agreement not to assert defenses against assignee.
Section 42a-9-404. - Rights acquired by assignee. Claims and defenses against assignee.
Section 42a-9-405. - Modification of assigned contract.
Section 42a-9-408a. - Financing statements covering consigned or leased goods.
Section 42a-9-409. - Restrictions on assignment of letter-of-credit rights ineffective.
Section 42a-9-501. - Filing office.
Section 42a-9-503. - Name of debtor and secured party.
Section 42a-9-504. - Indication of collateral.
Section 42a-9-506. - Effect of errors or omissions.
Section 42a-9-507. - Effect of certain events on effectiveness of financing settlement.
Section 42a-9-509. - Persons entitled to file a record.
Section 42a-9-510. - Effectiveness of filed record.
Section 42a-9-511. - Secured party of record.
Section 42a-9-512. - Amendment of financing statement.
Section 42a-9-513. - Termination statement.
Section 42a-9-514. - Assignment of powers of secured party of record.
Section 42a-9-516. - What constitutes filing. Effectiveness of filing.
Section 42a-9-517. - Effect of indexing errors.
Section 42a-9-520. - Acceptance and refusal to accept record.
Section 42a-9-522. - Maintenance and destruction of records.
Section 42a-9-523. - Information from filing office. Sale or license of records.
Section 42a-9-524. - Delay by filing office.
Section 42a-9-526. - Filing-office regulations.
Section 42a-9-602. - Waiver and variance of rights and duties.
Section 42a-9-603. - Agreement on standards concerning rights and duties.
Section 42a-9-604. - Procedure if security agreement covers real property or fixtures.
Section 42a-9-605. - Unknown debtor or secondary obligor.
Section 42a-9-606. - Time of default for agricultural lien.
Section 42a-9-607. - Collection and enforcement by secured party.
Section 42a-9-610. - Disposition of collateral after default.
Section 42a-9-611. - Notification before disposition of collateral.
Section 42a-9-612. - Timeliness of notification before disposition of collateral.
Section 42a-9-613. - Contents and form of notification before disposition of collateral: General.
Section 42a-9-616. - Explanation of calculation of surplus or deficiency.
Section 42a-9-617. - Rights of transferee of collateral.
Section 42a-9-618. - Rights and duties of certain secondary obligors.
Section 42a-9-619. - Transfer of record or legal title.
Section 42a-9-621. - Notification of proposal to accept collateral.
Section 42a-9-622. - Effect of acceptance of collateral.
Section 42a-9-623. - Right to redeem collateral.
Section 42a-9-625. - Remedies for secured party's failure to comply with this article.
Section 42a-9-626. - Action in which deficiency or surplus is in issue.
Section 42a-9-627. - Determination of whether conduct was commercially reasonable.
Section 42a-9-702. - Savings clause.
Section 42a-9-703. - Security interest perfected before October 1, 2001.
Section 42a-9-704. - Security interest unperfected before October 1, 2001.
Section 42a-9-705. - Effectiveness of action taken before October 1, 2001.
Section 42a-9-707. - Amendment of pre-effective-date financing statement.
Section 42a-9-708. - Persons entitled to file initial financing statement or continuation statement.
Section 42a-9-709. - Priority.
Section 42a-9-802. - Savings clause.
Section 42a-9-803. - Security interest perfected before July 1, 2013.
Section 42a-9-804. - Security interest unperfected before July 1, 2013.
Section 42a-9-805. - Effectiveness of action taken before July 1, 2013.
Section 42a-9-807. - Amendment of financing statement filed before July 1, 2013.
Section 42a-9-808. - Person entitled to file initial financing statement or continuation statement.