Texas Statutes
Subchapter C. Perfection and Priority
Section 9.314. Perfection by Control

Sec. 9.314. PERFECTION BY CONTROL. (a) A security interest in investment property, deposit accounts, letter-of-credit rights, virtual currencies, electronic chattel paper, or electronic documents may be perfected by control of the collateral under Section 7.106, 9.104, 9.105, 9.106, 9.107, or 9.1071.
(b) A security interest in deposit accounts, electronic chattel paper, virtual currencies, letter-of-credit rights, or electronic documents is perfected by control under Section 7.106, 9.104, 9.105, 9.107, or 9.1071 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 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.
Amended by Acts 1999, 76th Leg., ch. 414, Sec. 1.01, eff. July 1, 2001.
Amended by:
Acts 2005, 79th Leg., Ch. 122 (S.B. 1593), Sec. 27, eff. September 1, 2005.
Acts 2021, 87th Leg., R.S., Ch. 739 (H.B. 4474), Sec. 6, eff. September 1, 2021.

Structure Texas Statutes

Texas Statutes

Business and Commerce Code

Title 1 - Uniform Commercial Code

Chapter 9 - Secured Transactions

Subchapter C. Perfection and Priority

Section 9.301. Law Governing Perfection and Priority of Security Interests

Section 9.302. Law Governing Perfection and Priority of Agricultural Liens

Section 9.303. Law Governing Perfection and Priority of Security Interests in Goods Covered by a Certificate of Title

Section 9.304. Law Governing Perfection and Priority of Security Interests in Deposit Accounts

Section 9.305. Law Governing Perfection and Priority of Security Interests in Investment Property

Section 9.306. Law Governing Perfection and Priority of Security Interests in Letter-of-Credit Rights

Section 9.307. Location of Debtor

Section 9.308. When Security Interest or Agricultural Lien Is Perfected; Continuity of Perfection

Section 9.309. Security Interest Perfected Upon Attachment

Section 9.310. When Filing Required to Perfect Security Interest or Agricultural Lien; Security Interests and Agricultural Liens to Which Filing Provisions Do Not Apply

Section 9.311. Perfection of Security Interests in Property Subject to Certain Statutes, Regulations, and Treaties

Section 9.312. Perfection of Security Interests in Chattel Paper, Deposit Accounts, Documents, and Goods Covered by Documents, Instruments, Investment Property, Virtual Currencies, Letter-of-Credit Rights, and Money; Perfection by Permissive Filing;...

Section 9.313. When Possession by or Delivery to Secured Party Perfects Security Interest Without Filing

Section 9.314. Perfection by Control

Section 9.315. Secured Party's Rights on Disposition of Collateral and in Proceeds

Section 9.316. Effect of Change in Governing Law

Section 9.317. Interests That Take Priority Over or Take Free of Security Interest or Agricultural Lien

Section 9.318. No Interest Retained in Right to Payment That Is Sold; Rights and Title of Seller of Account or Chattel Paper With Respect to Creditors and Purchasers

Section 9.319. Rights and Title of Consignee With Respect to Creditors and Purchasers

Section 9.320. Buyers of Goods

Section 9.321. Licensee of General Intangible and Lessee of Goods in Ordinary Course of Business

Section 9.322. Priorities Among Conflicting Security Interests in and Agricultural Liens on Same Collateral

Section 9.323. Future Advances

Section 9.324. Priority of Purchase-Money Security Interests

Section 9.325. Priority of Security Interests in Transferred Collateral

Section 9.326. Priority of Security Interests Created by New Debtor

Section 9.327. Priority of Security Interests in Deposit Account

Section 9.328. Priority of Security Interests in Investment Property

Section 9.329. Priority of Security Interests in Letter-of-Credit Right

Section 9.330. Priority of Purchaser of Chattel Paper or Instrument

Section 9.331. Priority of Rights of Purchasers of Instruments, Documents, Securities, and Virtual Currencies Under Other Chapters; Priority of Interests in Financial Assets and Security Entitlements Under Chapter 8 and Virtual Currencies Under Chapt...

Section 9.332. Transfer of Money; Transfer of Funds From Deposit Account

Section 9.333. Priority of Certain Liens Arising by Operation of Law

Section 9.334. Priority of Security Interests in Fixtures and Crops

Section 9.335. Accessions

Section 9.336. Commingled Goods

Section 9.337. Priority of Security Interests in Goods Covered by Certificate of Title

Section 9.338. Priority of Security Interest or Agricultural Lien Perfected by Filed Financing Statement Providing Certain Incorrect Information

Section 9.339. Priority Subject to Subordination

Section 9.340. Effectiveness of Right of Recoupment or Set-Off Against Deposit Account

Section 9.341. Bank's Rights and Duties With Respect to Deposit Account

Section 9.342. Bank's Right to Refuse to Enter Into or Disclose Existence of Control Agreement