Tex. Bus. & Com. Code § 9.106 · Subchapter A. SHORT TITLE, DEFINITIONS, AND GENERAL CONCEPTS
CONTROL OF INVESTMENT PROPERTY.
Text — Current through the 89th 2nd Called Legislative Session, 2025
(a) A person has control of a certificated security, uncertificated security, or security entitlement as provided in Section 8.106.
(b) 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) 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.
Notes and commentary — not statutory text
History
Amended by Acts 1999, 76th Leg., ch. 414, Sec. 1.01, eff. July 1, 2001.
Source of truth
- Edition
- Current through the 89th 2nd Called Legislative Session, 2025
- Official file
- https://statutes.capitol.texas.gov/Docs/BC/htm/BC.9.htm
- Text hash
- sha256 98d21e7a4ebad6134c9ee770041f92c8860b7500d59983d668351dd217233d19
- Composed by
- compose_tx.py 2026-10-05: the Legislative Council's chapter files read in document order; verify_tx.py's independent reading (lxml DOM walk) agrees character for character
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.
Business & Commerce Code
Cited by 9 provisions
Provisions in this library whose text cites Tex. Bus. & Com. Code § 9.106. Each shows the citation as that text prints it.
Business & Commerce Code
- Tex. Bus. & Com. Code § 9.203ATTACHMENT AND ENFORCEABILITY OF SECURITY INTEREST; PROCEEDS; SUPPORTING OBLIGATIONS; FORMAL REQUISITES.Printed as Section 7.106, 9.104, 9.105, 9.106, or 9.107
- Tex. Bus. & Com. Code § 9.207RIGHTS AND DUTIES OF SECURED PARTY HAVING POSSESSION OR CONTROL OF COLLATERAL.Printed as Section 7.106, 9.104, 9.105, 9.106, or 9.107
- Tex. Bus. & Com. Code § 9.208ADDITIONAL DUTIES OF SECURED PARTY HAVING CONTROL OF COLLATERAL.Printed as Section 8.106(d)(2) or 9.106(b)
- Tex. Bus. & Com. Code § 9.314PERFECTION BY CONTROL.Printed as Section 7.106, 9.104, 9.105, 9.106, 9.107, or 9.1071 | Section 9.106
- Tex. Bus. & Com. Code § 9.328PRIORITY OF SECURITY INTERESTS IN INVESTMENT PROPERTY.Printed as Section 9.106 | Section 9.106(b)(2)
- Tex. Bus. & Com. Code § 9.601RIGHTS AFTER DEFAULT; JUDICIAL ENFORCEMENT; CONSIGNOR OR BUYER OF ACCOUNTS, CHATTEL PAPER, PAYMENT INTANGIBLES, OR PROMISSORY NOTES.Printed as Section 7.106, 9.104, 9.105, 9.106, or 9.107
Utilities Code
- Tex. Util. Code § 39.309SECURITY INTERESTS; ASSIGNMENT; COMMINGLING; DEFAULT.Printed as Section 9.106, Business & Commerce Code
- Tex. Util. Code § 41.159SECURITY INTERESTS; ASSIGNMENT; COMMINGLING; DEFAULT.Printed as Section 9.106, Business & Commerce Code
- Tex. Util. Code § 104.371SECURITY INTERESTS; ASSIGNMENT; COMMINGLING; DEFAULT.Printed as Section 9.106, Business & Commerce Code
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.