New Jersey § 12a:9-106
Full text of New Jersey New Jersey Statutes § 12a:9-106, with citation guidance and answers to common questions.
§ 12a:9-106.
(a) Control under 12A:8-106. A person has control of a certificated security, uncertificated security, or security
entitlement as provided in 12A:8-106. (b) Control of commodity contract. A secured party has control of a commodity contract if: (1) the secured party is the commodity intermediary with which the commodity contract
is carried; or (2) the commodity customer, secured party, and commodity intermediary have agreed
that the commodity intermediary will apply any value distributed on account of the
commodity contract as directed by the secured party without further consent by the
commodity customer. (c) Effect of control of securities account or commodity account. A secured party having control of all security entitlements or commodity contracts
carried in a securities account or commodity account has control over the securities
account or commodity account.
Frequently Asked Questions About New Jersey § 12a:9-106
What does New Jersey Statutes § 12a:9-106 cover?
Section 12a:9-106 is part of the New Jersey Statutes, the codified statutory law of New Jersey. It sets out the legal rule or procedure described in the text above. Statutes are amended regularly, so always verify against the official source.
How do I cite New Jersey § 12a:9-106?
A common citation format is "New Jersey Statutes § 12a:9-106" (New Jersey). Legal writing may require the code abbreviation, section number, and year or edition. Match the style required by your court, professor, or publisher.
Is this the official text of New Jersey law?
No. This page is for research and education and may not include the most recent amendments. For official current law, check the New Jersey official source linked on this page or consult a licensed New Jersey attorney.
How does New Jersey § 12a:9-106 apply to my situation?
Statutes are interpreted in context, and application depends on your specific facts. Only a licensed attorney in New Jersey can advise on how this section applies to you. Contact your state or local bar association for a referral.
Sources & Verification
Not legal advice. Verify against the official source and consult a licensed attorney in New Jersey.