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State Statutes - Idaho - Title 28 - Chapter 9 - 28-9-314
Idaho Statutes
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28-9-314 - PERFECTION BY CONTROL
(a) 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 28-7-106, 28-9-104, 28-9-105, 28-9-106 or 28-9-107.
(b) A security interest in deposit accounts, electronic chattel paper,
letter of credit rights, or electronic documents is perfected by control under
section 28-7-106, 28-9-104, 28-9-105 or 28-9-107, 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 28-9-106 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 (1) 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.
 
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