Mich. Comp. Laws § 440.9314
Perfection by control.
Michigan · Michigan Compiled Laws — UNIFORM COMMERCIAL CODE (Act 174 of 1962) · Status: effective
Cite this
- Citation
- Mich. Comp. Laws § 440.9314, Perfection by control, Michigan, version 1 as recorded 2026-08-18, yourstate.us, https://yourstate.us/provision/1362234
- Permanent ID
ys:prov:1362234@1- SHA-256
8a6e7165d87c77a5e3daaa4eade9891c8fd12a3600457ee92dae2faeb561df50
The hash is SHA-256 of this version's text, with every run of whitespace collapsed to a single space and the ends trimmed. The ID always leads back here, and checking it says whether the text you cited is still the current version.
Full text
(1) A security interest in investment property, deposit accounts, letter-of-credit rights, electronic chattel paper, or electronic documents may be perfected by control of the collateral under section 7106, 9104, 9105, 9106, or 9107.
(2) A security interest in deposit accounts, electronic chattel paper, letter-of-credit rights, or electronic documents is perfected by control under section 7106, 9104, 9105, or 9107 when the secured party obtains control and remains perfected by control only while the secured party retains control.
(3) A security interest in investment property is perfected by control under section 9106 from the time the secured party obtains control and remains perfected by control until both of the following occur:
(a) The secured party does not have control.
(b) One of the following occurs:
(i) If the collateral is a certificated security, the debtor has or acquires possession of the security certificate.
(ii) If the collateral is an uncertificated security, the issuer has registered or registers the debtor as the registered owner.
(iii) If the collateral is a security entitlement, the debtor is or becomes the entitlement holder.