Ark. Code Ann. § 4-9-314 (2026)

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 § 4-7-106, § 4-9-104, § 4-9-105, § 4-9-106, or § 4-9-107.
2. A security interest in deposit accounts, electronic chattel paper, letter-of-credit rights, or electronic documents is perfected by control under § 4-7-106, § 4-9-104, § 4-9-105, § 4-9-106, or § 4-9-107 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 § 4-9-106 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 of the following occurs:
      1. if the collateral is a certificated security, the debtor has or acquires possession of the security certificate;
      2. if the collateral is an uncertificated security, the issuer has registered or registers the debtor as the registered owner; or
      3. if the collateral is a security entitlement, the debtor is or becomes the entitlement holder.

History. Acts 2001, No. 1439, § 1; 2007, No. 342, § 35.

A.C.R.C. Notes. The amendment of § 4-9-314 by Acts 2007, No. 342, § 35 includes a reference at subsection (b) to § 4-9-106. As the reference to § 4-9-106 was added to § 4-9-314(b) without being underlined as new language, and since the reference to § 4-9-106 in § 4-9-314(b) did not already exist in the Arkansas Code, it is not clear whether the inclusion of the reference to § 4-9-106 was intentional.