Control of Controllable Electronic Record, Controllable Account, or Controllable Payment Intangible

N.Y. Uniform Commercial Code Law § 9-107A, under Short Title, Definitions, and General Concepts.

N.Y. Uniform Commercial Code Law § 9-107A

Section 9--107A. Control of Controllable Electronic Record, Controllable Account, or Controllable Payment Intangible. (a) Control under Section 12--105. A secured party has control of a controllable electronic record as provided in Section 12--105. (b) Control of controllable account and controllable payment intangible. 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.