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

Va. Code Ann. § 8.9A-107.1, under Part 1. General Provisions..

Va. Code Ann. § 8.9A-107.1

(a) Control under § 8.12-105. A secured party has control of a controllable electronic record as provided in § 8.12-105.

(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.