(a) Control under section 336.12-105. A secured party has control of a controllable electronic record as provided in section 336.12-105.
(b) Control of controllable account and controllable payment intangible. A secured party has control of a controllable account or controllable payment intangible if the secured party has control of the controllable electronic record that evidences the controllable account or controllable payment intangible.
Official Publication of the State of Minnesota
Revisor of Statutes