2014 Wyoming Statutes
TITLE 34.1 - UNIFORM COMMERCIAL CODE
ARTICLE 9 - SECURED TRANSACTIONS
34.1-9-314. Perfection by control.


WY Stat § 34.1-9-314 (2014) What's This?

34.1-9-314. Perfection by control.

(a) A security interest in investment property, deposit accounts, letter-of-credit rights or electronic chattel paper may be perfected by control of the collateral under section 34.1-9-104, 34.1-9-105, 34.1-9-106 or 34.1-9-107.

(b) A security interest in deposit accounts, electronic chattel paper, or letter-of-credit rights is perfected by control under section 34.1-9-104, 34.1-9-105 or 34.1-9-107 when the secured party obtains control and remains perfected by control only while the secured party retains control.

(c) A security interest in investment property is perfected by control under section 34.1-9-106 from the time the secured party obtains control and remains perfected by control until:

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

(ii) One (1) of the following occurs:

(A) If the collateral is a certificated security, the debtor has or acquires possession of the security certificate;

(B) If the collateral is an uncertificated security, the issuer has registered or registers the debtor as the registered owner; or

(C) If the collateral is a security entitlement, the debtor is or becomes the entitlement holder.

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