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Source Closing Argument Closing Argument Showing the closest available flashcard practice.

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0 tracked cards Supplemental - Not MEE July 2026

A debtor grants a security interest in a securities account maintained by Broker. Broker signs an agreement with Debtor and Secured Party.
Which agreement term would give Secured Party control for Article 9 purposes?

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Control requires the debtor to close the account. Control is impossible for securities accounts. Control exists only if the debtor is a broker-dealer. The secured party has control if the securities intermediary agrees to comply with the secured party's entitlement orders without further consent from the debtor.

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