Tex. Bus. & Com. Code § 9.314 · Subchapter C. PERFECTION AND PRIORITY
PERFECTION BY CONTROL.
Text — Current through the 89th 2nd Called Legislative Session, 2025
(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.
Notes and commentary — not statutory text
History
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.
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 03880da308086af500cbe552011bf3aeb55a51a69fb74bc780d51747765b6aac
- 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
- Tex. Bus. & Com. Code § 7.106CONTROL OF ELECTRONIC DOCUMENT OF TITLE.Printed as Section 7.106, 9.104, 9.105, 9.106, 9.107, or 9.1071 | Section 7.106, 9.104, 9.105, 9.107, or 9.1071
- Tex. Bus. & Com. Code § 9.104CONTROL OF DEPOSIT ACCOUNT.Printed as Section 7.106, 9.104, 9.105, 9.106, 9.107, or 9.1071 | Section 7.106, 9.104, 9.105, 9.107, or 9.1071
- Tex. Bus. & Com. Code § 9.105CONTROL OF ELECTRONIC CHATTEL PAPER.Printed as Section 7.106, 9.104, 9.105, 9.106, 9.107, or 9.1071 | Section 7.106, 9.104, 9.105, 9.107, or 9.1071
- Tex. Bus. & Com. Code § 9.106CONTROL OF INVESTMENT PROPERTY.Printed as Section 7.106, 9.104, 9.105, 9.106, 9.107, or 9.1071 | Section 9.106
- Tex. Bus. & Com. Code § 9.107CONTROL OF LETTER-OF-CREDIT RIGHT.Printed as Section 7.106, 9.104, 9.105, 9.106, 9.107, or 9.1071 | Section 7.106, 9.104, 9.105, 9.107, or 9.1071
- Tex. Bus. & Com. Code § 9.1071CONTROL OF VIRTUAL CURRENCY.Printed as Section 7.106, 9.104, 9.105, 9.106, 9.107, or 9.1071 | Section 7.106, 9.104, 9.105, 9.107, or 9.1071
Cited by 5 provisions
Provisions in this library whose text cites Tex. Bus. & Com. Code § 9.314. Each shows the citation as that text prints it.
Business & Commerce Code
- Tex. Bus. & Com. Code § 9.310WHEN FILING REQUIRED TO PERFECT SECURITY INTEREST OR AGRICULTURAL LIEN; SECURITY INTERESTS AND AGRICULTURAL LIENS TO WHICH FILING PROVISIONS DO NOT APPLY.Printed as Section 9.314
- Tex. Bus. & Com. Code § 9.312PERFECTION OF SECURITY INTERESTS IN CHATTEL PAPER, DEPOSIT ACCOUNTS, DOCUMENTS, AND GOODS COVERED BY DOCUMENTS, INSTRUMENTS, INVESTMENT PROPERTY, VIRTUAL CURRENCIES, LETTER-OF-CREDIT RIGHTS, AND MONEY; PERFECTION BY PERMISSIVE FILING; TEMPORARY PERFECTION WITHOUT FILING OR TRANSFER OF POSSESSION.Printed as Section 9.314
- Tex. Bus. & Com. Code § 9.327PRIORITY OF SECURITY INTERESTS IN DEPOSIT ACCOUNT.Printed as Section 9.314
- Tex. Bus. & Com. Code § 9.328PRIORITY OF SECURITY INTERESTS IN INVESTMENT PROPERTY.Printed as Section 9.314
- Tex. Bus. & Com. Code § 9.329PRIORITY OF SECURITY INTERESTS IN LETTER-OF-CREDIT RIGHT.Printed as Section 9.314
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.