Texas § BC.9.314 - PERFECTION BY CONTROL
Full text of Texas The Texas Constitution § BC.9.314 — PERFECTION BY CONTROL, with citation guidance and answers to common questions.
§ BC.9.314. PERFECTION BY CONTROL
PERFECTION BY CONTROL. (a) A security interest in investment property, deposit accounts, letter-of-credit rights, virtual currencies, electronic chattel paper, or electronic documents may be perfected by control of the collateral under Section 7.106 , 9.104 , 9.105 , 9.106 , 9.107 , or 9.1071 . (b) A security interest in deposit accounts, electronic chattel paper, virtual currencies, letter-of-credit rights, or electronic documents is perfected by control under Section 7.106 , 9.104 , 9.105 , 9.107 , or 9.1071 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 9.106 from the time the secured party obtains control and remains perfected by control until: (1) the secured party does not have control; and (2) one 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. Amended by Acts 1999, 76th Leg., ch. 414, Sec. 1.01, eff. July 1, 2001. Amended by: Acts 2005, 79th Leg., Ch. 122 (S.B. 1593 ), Sec. 27, eff. September 1, 2005. Acts 2021, 87th Leg., R.S., Ch. 739 (H.B. 4474 ), Sec. 6, eff. September 1, 2021.
Frequently Asked Questions About Texas § BC.9.314
What does The Texas Constitution § BC.9.314 cover?
Section BC.9.314 ("PERFECTION BY CONTROL") is part of the The Texas Constitution, the codified statutory law of Texas. 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 Texas § BC.9.314?
A common citation format is "The Texas Constitution § BC.9.314" (Texas). 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 Texas law?
No. This page is for research and education and may not include the most recent amendments. For official current law, check the Texas official source linked on this page or consult a licensed Texas attorney.
How does Texas § BC.9.314 apply to my situation?
Statutes are interpreted in context, and application depends on your specific facts. Only a licensed attorney in Texas 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 Texas.