(810 ILCS 5/9-314) (from Ch. 26, par. 9-314)
    Sec. 9-314. Perfection by control.
    (a) Perfection by control. A security interest in investment property, deposit accounts, electronic chattel paper, letter-of-credit rights, electronic documents, or beneficial interests in Illinois land trusts may be perfected by control of the collateral under Section 7-106, 9-104, 9-105, 9-106, 9-107, or 9-107.1.
    (b) Specified collateral: time of perfection by control; continuation of perfection. A security interest in deposit accounts, electronic chattel paper, letter-of-credit rights, electronic documents, or beneficial interests in Illinois land trusts is perfected by control under Section 7-106, 9-104, 9-105, 9-107, or 9-107.1 when the secured party obtains control and remains perfected by control only while the secured party retains control.
    (c) Investment property: time of perfection by control; continuation of perfection. A security interest in investment property is perfected by control under Section 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:
            (A) if the collateral is a certificated security,
        
the debtor has or acquires possession of the security certificate;
            (B) if the collateral is an uncertificated
        
security, the issuer has registered or registers the debtor as the registered owner; or
            (C) if the collateral is a security entitlement,
        
the debtor is or becomes the entitlement holder.
(Source: P.A. 95-895, eff. 1-1-09.)