Tennessee § 47-9-314 - Perfection by control.
Full text of Tennessee Tennessee Code Annotated § 47-9-314 — Perfection by control., with citation guidance and answers to common questions.
§ 47-9-314. Perfection by control.
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 § 47-7-106, § 47-9-104, § 47-9-105, § 47-9-106, or § 47-9-107. 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 § 47-7-106, § 47-9-104, § 47-9-105, or § 47-9-107 when the secured party obtains control and remains perfected by control only while the secured party retains control. Investment property: time of perfection by control; continuation of perfection. A security interest in investment property is perfected by control under § 47-9-106 from the time the secured party obtains control and remains perfected by control until: the secured party does not have control; and one (1) of the following occurs: if the collateral is a certificated security, the debtor has or acquires possession of the security certificate; if the collateral is an uncertificated security, the issuer has registered or registers the debtor as the registered owner; or if the collateral is a security entitlement, the debtor is or becomes the entitlement holder. Acts 2000, ch. 846, § 1; 2008, ch. 814, § 34. Compiler's Notes. Former part 3, §§ 47-9-301 — 47-9-318 (Acts 1963, ch. 81, § 1 (9-301 — 9-318); 1965, ch. 86, § 1; 1967, ch. 318, § 1; 1978, ch. 773, §§ 1, 2; 1979, ch. 283, §§ 1, 2; 1983, ch. 114, §§ 1, 3[2]; 1985, ch. 404, §§ 13-22; 1986, ch. 737, §§ 48-52; 1987, ch. 102, § 1; 1997, ch. 79, §§ 7-14; 1998, ch. 675, §§ 10-12) was repealed and replaced in the revision of chapter 9 of the Uniform Commercial Code by Acts 2000, ch. 846, § 1, effective July 1, 2001.
Frequently Asked Questions About Tennessee § 47-9-314
What does Tennessee Code Annotated § 47-9-314 cover?
Section 47-9-314 ("Perfection by control.") is part of the Tennessee Code Annotated, the codified statutory law of Tennessee. 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 Tennessee § 47-9-314?
A common citation format is "Tennessee Code Annotated § 47-9-314" (Tennessee). 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 Tennessee law?
No. This page is for research and education and may not include the most recent amendments. For official current law, check the Tennessee official source linked on this page or consult a licensed Tennessee attorney.
How does Tennessee § 47-9-314 apply to my situation?
Statutes are interpreted in context, and application depends on your specific facts. Only a licensed attorney in Tennessee 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 Tennessee.