(a) A secured party has control of a controllable electronic record as provided in section 4-12-105.
(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.
Source: L. 2023: Entire section added, (SB 23-090), ch. 136, p. 546, § 45, effective August 7.