# Tex. Business & Commerce Code § 9.106: CONTROL OF INVESTMENT PROPERTY

> Texas · Statutes · In force

URL: https://www.frixlaw.com/law-library/statutes/STATE_TX_Cbc_C9_S9.106

## Section

- **Citation:** Tex. Business & Commerce Code § 9.106
- **Heading:** CONTROL OF INVESTMENT PROPERTY
- **Jurisdiction:** Texas
- **Kind:** Statutes
- **Status:** In force
- **Text as of:** August 14, 2026
- **Source:** Compiled text
- **Location:** TX Code / Code bc / Chapter 9 / Section 9.106

## Text

(a) A person has control of a certificated security, uncertificated security, or security entitlement as provided in Section 8.106.

(b) 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) 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.

## Nearby sections

- [Tex. Business & Commerce Code § 9.101 § 9.101. SHORT TITLE.](https://www.frixlaw.com/law-library/statutes/STATE_TX_Cbc_C9_S9.101.md)
- [Tex. Business & Commerce Code § 9.102 § 9.102. DEFINITIONS AND INDEX OF DEFINITIONS.](https://www.frixlaw.com/law-library/statutes/STATE_TX_Cbc_C9_S9.102.md)
- [Tex. Business & Commerce Code § 9.103 § 9.103. PURCHASE-MONEY SECURITY INTEREST; APPLICATION OF PAYMENTS; BURDEN OF ESTABLISHING.](https://www.frixlaw.com/law-library/statutes/STATE_TX_Cbc_C9_S9.103.md)
- [Tex. Business & Commerce Code § 9.104 § 9.104. CONTROL OF DEPOSIT ACCOUNT.](https://www.frixlaw.com/law-library/statutes/STATE_TX_Cbc_C9_S9.104.md)
- [Tex. Business & Commerce Code § 9.105 § 9.105. CONTROL OF ELECTRONIC CHATTEL PAPER.](https://www.frixlaw.com/law-library/statutes/STATE_TX_Cbc_C9_S9.105.md)
- [Tex. Business & Commerce Code § 9.106 § 9.106. CONTROL OF INVESTMENT PROPERTY.](https://www.frixlaw.com/law-library/statutes/STATE_TX_Cbc_C9_S9.106.md)
- [Tex. Business & Commerce Code § 9.107 § 9.107. CONTROL OF LETTER-OF-CREDIT RIGHT.](https://www.frixlaw.com/law-library/statutes/STATE_TX_Cbc_C9_S9.107.md)
- [Tex. Business & Commerce Code § 9.108 § 9.108. SUFFICIENCY OF DESCRIPTION.](https://www.frixlaw.com/law-library/statutes/STATE_TX_Cbc_C9_S9.108.md)
- [Tex. Business & Commerce Code § 9.109 § 9.109. SCOPE.](https://www.frixlaw.com/law-library/statutes/STATE_TX_Cbc_C9_S9.109.md)
- [Tex. Business & Commerce Code § 9.110 § 9.110.](https://www.frixlaw.com/law-library/statutes/STATE_TX_Cbc_C9_S9.110.md)
- [Tex. Business & Commerce Code § 9.201 § 9.201. GENERAL EFFECTIVENESS OF SECURITY AGREEMENT.](https://www.frixlaw.com/law-library/statutes/STATE_TX_Cbc_C9_S9.201.md)
- [Tex. Business & Commerce Code § 9.202 § 9.202. TITLE TO COLLATERAL IMMATERIAL.](https://www.frixlaw.com/law-library/statutes/STATE_TX_Cbc_C9_S9.202.md)
- [Tex. Business & Commerce Code § 9.203 § 9.203. ATTACHMENT AND ENFORCEABILITY OF SECURITY INTEREST; PROCEEDS; SUPPORTING OBLIGATIONS; FORMAL REQUISITES.](https://www.frixlaw.com/law-library/statutes/STATE_TX_Cbc_C9_S9.203.md)
- [Tex. Business & Commerce Code § 9.204 § 9.204. AFTER-ACQUIRED PROPERTY; FUTURE ADVANCES.](https://www.frixlaw.com/law-library/statutes/STATE_TX_Cbc_C9_S9.204.md)

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Source: Frix Law Library, https://www.frixlaw.com/law-library/statutes/STATE_TX_Cbc_C9_S9.106. Check the current official text before relying on it. Not legal advice.