---
title: O.C.G.A. § 11-9-106. Control of investment property.
collection: code
id: 11-9-106
cite_as: O.C.G.A. § 11-9-106 (2025)
canonical_url: https://georgiacommons.org/code/11-9-106
md_url: https://georgiacommons.org/code/11-9-106.md
text_url: https://georgiacommons.org/code/11-9-106/text
source_url: https://www.legis.ga.gov/api/document/docs/default-source/joint-features-document-library/t11-(v9)-2022-pdf.pdf?sfvrsn=b5451bbd_0#page=739
date: 2025
status: active
corpus_version: 2025-supplement-89aa39ab3c68
license: CC0-1.0
publisher: Georgia Commons, an independent project of Georgia Civic Data. Not the State of Georgia. Not legal advice.
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version: the only printed version
in_force: true
current_through: Including Acts of the 2025 Regular Session of the General Assembly
heading_path: COMMERCIAL CODE / SECURED TRANSACTIONS / GENERAL PROVISIONS / Short Title, Definitions, and General Concepts
---

# O.C.G.A. § 11-9-106. Control of investment property.

(a) Control under Code Section 11-8-106. A person has control of a certificated security, uncertificated security, or security entitlement as provided in Code Section 11-8-106.

(b) Control of commodity contract. 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) Effect of control of securities account or commodity account. 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.

## History

Code 1981, § 11-9-106, enacted by Ga. L. 2001, p. 362, § 1.