Michigan Compiled Laws

Mich. Comp. Laws § 440.9314 (2026)

Perfection by control.

✓ current as of July 2026

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UNIFORM COMMERCIAL CODE

Act 174 of 1962

440.9314 Perfection by control.

Sec. 9314.

(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.

History: 1962, Act 174, Eff. Jan. 1, 1964 ;-- Am. 2000, Act 348, Eff. July 1, 2001 ;-- Am. 2012, Act 87, Eff. July 1, 2013

Notes of Decisions

Cited in 3 cases, 2008–2017 · leading case: Ladd v. Motor City Plastics Co., 842 N.W.2d 388 (Mich. Ct. App. 2013).

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Ladd v. Motor City Plastics Co., 842 N.W.2d 388 (Mich. Ct. App. 2013). · cites it 2× “9104(l)(a), “even if the debtor retains the right to direct the disposition of funds from the deposit account,” MCL 440.”

Ryan Racing, LLC v. Gentilozzi, 231 F. Supp. 3d 269 (W.D. Mich. 2017). · cites it 2× “Mich. Comp. Laws § 440.9314 . A secured party has control over deposit account (1) if it is the bank with which the deposit account is maintained, or (2) if the debtor, secured party, and the bank have agreed that the bank will comply with instructions by the secured party…”

United States v. One Silicon Valley Bank Account, 3300355711, 549 F. Supp. 2d 940 (W.D. Mich. 2008). “§ 440.9314(1). Under Michigan Compiled Laws § 440.”

— Mich. Comp. Laws § 440.9314(1) — 2 cases

Ladd v. Motor City Plastics Co., 842 N.W.2d 388 (Mich. Ct. App. 2013). “9104(l)(a), “even if the debtor retains the right to direct the disposition of funds from the deposit account,” MCL 440.”

United States v. One Silicon Valley Bank Account, 3300355711, 549 F. Supp. 2d 940 (W.D. Mich. 2008). “§ 440.9314(1). Under Michigan Compiled Laws § 440.”

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