For different types of real estate, control means different things. In the case of a certified warranty, the check requires the approval and possession of the certificate, with the exception of a certificate to the bearer. For book-based securities, control consists of transferring the securities to an account belonging to the secured creditor or, more generally, by entering into a tripartite “control agreement” between the pledge, the securities intermediary who holds the securities based on the account for the pledge and the secured creditor. In summary, a security interest in electronic stock certificates can be enhanced by submitting a UCC-1 funding statement or by obtaining control as described above. While perfection is a practical and economical option when submitting a UCC-1 funding return, perfection by controlling unsealed or certified security takes precedence over any UCC-1 deposit, regardless of filing date. It is therefore important to first identify the type of electronic stock and develop your interests accordingly to ensure that you are properly protected. (f) The purchaser who has met the requirements of subsection (c) or d) is controlled, even if, in the case of subsection (c), or in the case of the right holder in the case of point d), the holder retains the right to replace the unsealed security guarantee or authorization, to issue instructions or attribution orders to the issuer or intermediary in securities. , or in some other way of dealing with unse certified security or security clearance. If there is no certificate of ownership, how do you know that your interest is perfected? Like certified securities, the interest of non-certified securities is enhanced by the submission of a formal UCC-1 financing statement or by control. However, in order to obtain control of an unsealed warranty, this requires either a re-registration of the warranty on behalf of the insured party or an agreement from the issuer to comply with the instructions of the secure party without further approval from the registered owner. This objective is usually achieved by the implementation of a control agreement.
(d) A buyer has “control” of a right to guarantee if: the new method of “control” aimed at developing security interests in investment properties and the adoption of new rules setting priorities between creditors, perfected by control, and those who have simply declared themselves against the deposit, dictate good practices in the holding of securities.