Arizona Revised Statutes

Ariz. Rev. Stat. § 47-9106 (2026)

Control of investment property

✓ current as of May 2026

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A. A person has control of a certificated security, uncertificated security or security entitlement as provided in section 47-8106.

B. 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. 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.

Notes of Decisions

Cited in 1 case, 1986–1986 · leading case: Arizona Ammonia of Tucson, Inc. v. Mission Bank, 732 P.2d 591 (Ariz. Ct. App. 1986).

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Arizona Ammonia of Tucson, Inc. v. Mission Bank, 732 P.2d 591 (Ariz. Ct. App. 1986). · cites it 2× “Arizona Ammonia and Summit argue that the “accounts receivable” given by Summit as collateral for a $300,000 loan *364 should be considered as “crops” and “goods,” thereby requiring Mission to file its financing statement and security agreement in Pima County, where the crops…”

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