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

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(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.

2024, c. 652.