Is N.Y. U.C.C. Law § 9-106 — Control of Investment Property still in force?

Statute · New York Uniform Commercial Code

N.Y. U.C.C. Law § 9-106 — Control of Investment Property

N.Y. U.C.C. Law § 9-106

Type: Statute
Source: New York Uniform Commercial Code
Jurisdiction: New York
Current through: Nov 5, 2026 (NY Senate Open Legislation)

Section 9--106. Control of Investment Property.

Citator

N.Y. U.C.C. Law § 9-106 — Control of Investment Property is in force in the current edition of the Code, and nothing recorded condemns it.

Section 9--106. Control of Investment Property.

(a) Control under Section 8--106. A person has control of a certificated security, uncertificated security, or security entitlement as provided in Section 8--106.

(b) Control of commodity contract. 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) Effect of control of securities account or commodity account. 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.