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c. And either
(1) Collateral must be in possession of secured party by debtor's agreement (third party may pos-
sess if debtor agrees); or
(2) Secured party must have "control" of collateral if it is investment property, deposit account,
electronic chattel paper, or a letter-of-credit right; or
(3) A record of security agreement must exist
(a) Record may be in traditional writing or in electronic or other form that is retrievable in
perceptible form
(b) Security agreement must be signed or in case of electronic form, it must be authenticated
1] Exception to need to sign or authenticate in case of pledge when secured party has
possession or control of collateral '
C. Perfecting a Security Interest
1. Entails steps in addition to attachment (with one exception discussed later) to give secured party
pri-
ority over many other parties that may claim collateral