Com. Code, § 9314 · Chapter 3. Perfection and Priority
Com. Code, § 9314
Text — As published in the Legislative Counsel's database, tables dated October 18, 2026 (pubinfo_2025.zip)
(a) A security interest in controllable accounts, controllable electronic records, controllable payment intangibles, deposit accounts, electronic documents, electronic money, investment property, or letter-of-credit rights may be perfected by control of the collateral under Section 7106, 9104, 9105.1, 9106, 9107, or 9107.1.
(b) A security interest in controllable accounts, controllable electronic records, controllable payment intangibles, deposit accounts, electronic documents, electronic money, or letter-of-credit rights is perfected by control under Section 7106, 9104, 9105.1, 9107, or 9107.1 not earlier than the time 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 9106 not earlier than the time the secured party obtains control and remains perfected by control until both of the following conditions are satisfied:
(1) The secured party does not have control.
(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.
(C) If the collateral is a security entitlement, the debtor is or becomes the entitlement holder.
Notes and commentary — not statutory text
History
Amended by Stats. 2023, Ch. 210, Sec. 44. (SB 95) Effective January 1, 2024.
Source of truth
- Edition
- As published in the Legislative Counsel's database, tables dated October 18, 2026 (pubinfo_2025.zip)
- Official file
- https://leginfo.legislature.ca.gov/faces/codes_displaySection.xhtml?lawCode=COM§ionNum=9314.
- Text hash
- sha256 2a6de641ae93f592c8c4d685505ec38600788fd2c16c43e977328e37e6440c78
- Composed by
- compose_ca.py 2026-10-22: the Legislative Counsel's CAML content files read by a tokenizer (caml_readers.reader_a); an independent xml.etree reading (caml_readers.reader_b) agrees on every section
This section cites
Provisions in this library that the text above cites, as it prints each citation. A range cited as “ss. 61.13-61.16” links its first and last provisions.
Commercial Code
- Com. Code, § 7106Printed as Section 7106, 9104, 9105.1, 9106, 9107, or 9107.1 | Section 7106, 9104, 9105.1, 9107, or 9107.1
- Com. Code, § 9104Printed as Section 7106, 9104, 9105.1, 9106, 9107, or 9107.1 | Section 7106, 9104, 9105.1, 9107, or 9107.1
- Com. Code, § 9105.1Printed as Section 7106, 9104, 9105.1, 9106, 9107, or 9107.1 | Section 7106, 9104, 9105.1, 9107, or 9107.1
- Com. Code, § 9106Printed as Section 7106, 9104, 9105.1, 9106, 9107, or 9107.1 | Section 9106
- Com. Code, § 9107Printed as Section 7106, 9104, 9105.1, 9106, 9107, or 9107.1 | Section 7106, 9104, 9105.1, 9107, or 9107.1
- Com. Code, § 9107.1Printed as Section 7106, 9104, 9105.1, 9106, 9107, or 9107.1 | Section 7106, 9104, 9105.1, 9107, or 9107.1
Cited by 5 provisions
Provisions in this library whose text cites Com. Code, § 9314. Each shows the citation as that text prints it.
Procedural information only. Not legal advice and not a substitute for the advice of an attorney. Confirm the current text with the official publisher before relying on it.