# Alaska Stat. § 45.08.106: Control > Alaska · Statutes · In force URL: https://www.frixlaw.com/law-library/statutes/STATE_AK_T45_C45.08_S45.08.106 ## Section - **Citation:** Alaska Stat. § 45.08.106 - **Heading:** Control - **Jurisdiction:** Alaska - **Kind:** Statutes - **Status:** In force - **Text as of:** August 14, 2026 - **Source:** Compiled text - **Location:** AK Code / Title 45 / Chapter 45.08 / Section 45.08.106 ## Text (a) A purchaser has control of a certificated security in bearer form if the certificated security is delivered to the purchaser. (b) A purchaser has control of a certificated security in registered form if the certificated security is delivered to the purchaser, and the certificate is (1) endorsed to the purchaser or in blank by an effective endorsement; or (2) registered in the name of the purchaser, upon original issue or registration of transfer by the issuer. (c) A purchaser has control of an uncertificated security if (1) the uncertificated security is delivered to the purchaser; or (2) the issuer has agreed that the issuer will comply with instructions originated by the purchaser without further consent by the registered owner. (d) A purchaser has control of a security entitlement if (1) the purchaser becomes the entitlement holder; (2) the securities intermediary has agreed that the securities intermediary will comply with entitlement orders originated by the purchaser without further consent by the entitlement holder; or (3) another person has control of the security entitlement on behalf of the purchaser or, having previously acquired control of the security entitlement, acknowledges that it has control on behalf of the purchaser. (e) If an interest in a security entitlement is granted by the entitlement holder to the entitlement holder's own securities intermediary, the securities intermediary has control. (f) A purchaser who has satisfied the requirements of (c) or (d) of this section has control even if the registered owner in the case of (c) of this section or the entitlement holder in the case of (d) of this section retains the right to make substitutions for the uncertificated security or security entitlement, to originate instructions or entitlement orders to the issuer or securities intermediary, or otherwise to deal with the uncertificated security or security entitlement. (g) An issuer or a securities intermediary may not enter into an agreement described in (c)(2) or (d)(2) of this section without the consent of the registered owner or entitlement holder, but an issuer or a securities intermediary is not required to enter into an agreement even though the registered owner or entitlement holder directs the issuer or securities intermediary to enter into the agreement. An issuer or securities intermediary that has entered into an agreement is not required to confirm the existence of the agreement to another party unless requested to do so by the registered owner or entitlement holder. In this subsection, “agreement” means an agreement described in (c)(2) or (d)(2) of this section. ## Nearby sections - [Alaska Stat. § 45.08.101 Short title.](https://www.frixlaw.com/law-library/statutes/STATE_AK_T45_C45.08_S45.08.101.md) - [Alaska Stat. § 45.08.102 Definitions.](https://www.frixlaw.com/law-library/statutes/STATE_AK_T45_C45.08_S45.08.102.md) - [Alaska Stat. § 45.08.103 Rules for determining whether certain obligations and interests are securities or financial assets.](https://www.frixlaw.com/law-library/statutes/STATE_AK_T45_C45.08_S45.08.103.md) - [Alaska Stat. § 45.08.104 Acquisition of security or financial asset or interest in security or financial asset.](https://www.frixlaw.com/law-library/statutes/STATE_AK_T45_C45.08_S45.08.104.md) - [Alaska Stat. § 45.08.105 Notice of adverse claim.](https://www.frixlaw.com/law-library/statutes/STATE_AK_T45_C45.08_S45.08.105.md) - [Alaska Stat. § 45.08.106 Control.](https://www.frixlaw.com/law-library/statutes/STATE_AK_T45_C45.08_S45.08.106.md) - [Alaska Stat. § 45.08.107 Whether endorsement, instruction, or entitlement order is effective.](https://www.frixlaw.com/law-library/statutes/STATE_AK_T45_C45.08_S45.08.107.md) - [Alaska Stat. § 45.08.108 Warranties in direct holding.](https://www.frixlaw.com/law-library/statutes/STATE_AK_T45_C45.08_S45.08.108.md) - [Alaska Stat. § 45.08.109 Warranties in indirect holding.](https://www.frixlaw.com/law-library/statutes/STATE_AK_T45_C45.08_S45.08.109.md) - [Alaska Stat. § 45.08.110 Applicability; choice of law.](https://www.frixlaw.com/law-library/statutes/STATE_AK_T45_C45.08_S45.08.110.md) - [Alaska Stat. § 45.08.111 Clearing corporation rules.](https://www.frixlaw.com/law-library/statutes/STATE_AK_T45_C45.08_S45.08.111.md) - [Alaska Stat. § 45.08.112 Creditor's legal process.](https://www.frixlaw.com/law-library/statutes/STATE_AK_T45_C45.08_S45.08.112.md) - [Alaska Stat. § 45.08.113 Statute of frauds inapplicable.](https://www.frixlaw.com/law-library/statutes/STATE_AK_T45_C45.08_S45.08.113.md) - [Alaska Stat. § 45.08.114 Evidentiary rules concerning certificated securities.](https://www.frixlaw.com/law-library/statutes/STATE_AK_T45_C45.08_S45.08.114.md) --- Source: Frix Law Library, https://www.frixlaw.com/law-library/statutes/STATE_AK_T45_C45.08_S45.08.106. Check the current official text before relying on it. Not legal advice.