(a) A secured party has control of a controllable electronic record as provided in Section 12105.
(b) 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.
(Added by Stats. 2023, Ch. 210, Sec. 28. (SB 95) Effective January 1, 2024.)