# RCW 62A.8-106: RCW 62A.8-106: Control > Washington · Statutes · In force URL: https://www.frixlaw.com/law-library/statutes/STATE_WA_T62A_C8_S8-106 ## Section - **Citation:** RCW 62A.8-106 - **Heading:** RCW 62A.8-106: Control - **Jurisdiction:** Washington - **Kind:** Statutes - **Status:** In force - **Text as of:** August 14, 2026 - **Source:** Compiled text - **Location:** Washington Code / Title 62A / Chapter 8 / Section 8-106 ## Text (1) A purchaser has "control" of a certificated security in bearer form if the certificated security is delivered to the purchaser. (2) A purchaser has "control" of a certificated security in registered form if the certificated security is delivered to the purchaser, and: (a) The certificate is indorsed to the purchaser or in blank by an effective indorsement; or (b) The certificate is registered in the name of the purchaser, upon original issue or registration of transfer by the issuer. (3) A purchaser has "control" of an uncertificated security if: (a) The uncertificated security is delivered to the purchaser; or (b) The issuer has agreed that it will comply with instructions originated by the purchaser without further consent by the registered owner. (4) A purchaser has "control" of a security entitlement if: (a) The purchaser becomes the entitlement holder; (b) The securities intermediary has agreed that it will comply with entitlement orders originated by the purchaser without further consent by the entitlement holder; or (c) Another person, other than the transferor to the purchaser of an interest in the security entitlement: (i) Has control of the security entitlement and acknowledges that it has control on behalf of the purchaser; or (ii) Obtains control of the security entitlement after having acknowledged that it will obtain control of the security entitlement on behalf of the purchaser. (5) 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. (6) A purchaser who has satisfied the requirements of subsection (3) or (4) of this section has control even if the registered owner in the case of subsection (3) of this section or the entitlement holder in the case of subsection (4) 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. (7) An issuer or a securities intermediary may not enter into an agreement of the kind described in subsection (3)(b) or (4)(b) 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 such an agreement even though the registered owner or entitlement holder so directs. An issuer or securities intermediary that has entered into such 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. (8) A person that has control under this section is not required to acknowledge that it has control on behalf of a purchaser. (9) If a person acknowledges that it has or will obtain control on behalf of a purchaser, unless the person otherwise agrees or law other than this Article or Article 9A of this title otherwise provides, the person does not owe any duty to the purchaser and is not required to confirm the acknowledgment to any other person. ## Nearby sections - [RCW 62A.8-101 RCW 62A.8-101: Short title.](https://www.frixlaw.com/law-library/statutes/STATE_WA_T62A_C8_S8-101.md) - [RCW 62A.8-102 RCW 62A.8-102: Definitions.](https://www.frixlaw.com/law-library/statutes/STATE_WA_T62A_C8_S8-102.md) - [RCW 62A.8-103 RCW 62A.8-103: Rules for determining whether certain obligations and interests are securities or financial assets.](https://www.frixlaw.com/law-library/statutes/STATE_WA_T62A_C8_S8-103.md) - [RCW 62A.8-104 RCW 62A.8-104: Acquisition of security or financial asset or interest therein.](https://www.frixlaw.com/law-library/statutes/STATE_WA_T62A_C8_S8-104.md) - [RCW 62A.8-105 RCW 62A.8-105: Notice of adverse claim.](https://www.frixlaw.com/law-library/statutes/STATE_WA_T62A_C8_S8-105.md) - [RCW 62A.8-106 RCW 62A.8-106: Control.](https://www.frixlaw.com/law-library/statutes/STATE_WA_T62A_C8_S8-106.md) - [RCW 62A.8-107 RCW 62A.8-107: Whether indorsement, instruction, or entitlement is effective.](https://www.frixlaw.com/law-library/statutes/STATE_WA_T62A_C8_S8-107.md) - [RCW 62A.8-108 RCW 62A.8-108: Warranties in direct holding.](https://www.frixlaw.com/law-library/statutes/STATE_WA_T62A_C8_S8-108.md) - [RCW 62A.8-109 RCW 62A.8-109: Warranties in indirect holding.](https://www.frixlaw.com/law-library/statutes/STATE_WA_T62A_C8_S8-109.md) - [RCW 62A.8-110 RCW 62A.8-110: Applicability; choice of law.](https://www.frixlaw.com/law-library/statutes/STATE_WA_T62A_C8_S8-110.md) - [RCW 62A.8-111 RCW 62A.8-111: Clearing corporation rules.](https://www.frixlaw.com/law-library/statutes/STATE_WA_T62A_C8_S8-111.md) - [RCW 62A.8-112 RCW 62A.8-112: Creditor's legal process.](https://www.frixlaw.com/law-library/statutes/STATE_WA_T62A_C8_S8-112.md) - [RCW 62A.8-113 RCW 62A.8-113: Statute of frauds inapplicable.](https://www.frixlaw.com/law-library/statutes/STATE_WA_T62A_C8_S8-113.md) - [RCW 62A.8-114 RCW 62A.8-114: Evidentiary rules concerning certificated securities.](https://www.frixlaw.com/law-library/statutes/STATE_WA_T62A_C8_S8-114.md) --- Source: Frix Law Library, https://www.frixlaw.com/law-library/statutes/STATE_WA_T62A_C8_S8-106. 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