Control of controllable electronic record, controllable account, or controllable payment intangible

(a) Control Under G.S. 25-12-105. - A secured party has control of a controllable electronic record as provided in G.S. 25-12-105. (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. (2025-25, s. 62.)