409.314(3)(b)1.

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1. If the collateral is a certificated security, the debtor has or acquires possession of the security certificate;

409.314(1)

(1) Perfection by control. A security interest in investment property, deposit accounts, letter-of-credit rights, electronic chattel paper, or electronic documents may be perfected by control of the collateral under § 407.106, 409.104, 409.105, 409.106, or 409.107.

409.314

409.314 Perfection by control.

409.314(3)(a)

(a) The secured party does not have control; and

409.314(3)(b)2.

2. If the collateral is an uncertificated security, the issuer has registered or registers the debtor as the registered owner; or

409.314(3)(b)3.

3. If the collateral is a security entitlement, the debtor is or becomes the entitlement holder.

409.314(3)(b)

(b) One of the following occurs:

409.314(2)

(2) Specified collateral: time of perfection by control; continuation of perfection. A security interest in deposit accounts, electronic chattel paper, letter-of-credit rights, or electronic documents is perfected by control under § 407.106, 409.104, 409.105, or 409.107 when the secured party obtains control and remains perfected by control only while the secured party retains control.

409.314(3)

(3) Investment property: time of perfection by control; continuation of perfection. A security interest in investment property is perfected by control under § 409.106 from the time the secured party obtains control and remains perfected by control until: