70A-9a-105.   Control of electronic chattel paper.
     A secured party has control of electronic chattel paper if the record or records comprising the chattel paper are created, stored, and assigned in such a manner that:
     (1) a single authoritative copy of the record or records exists which is unique, identifiable and, except as otherwise provided in Subsections (4), (5), and (6), unalterable;
     (2) the authoritative copy identifies the secured party as the assignee of the record or records;
     (3) the authoritative copy is communicated to and maintained by the secured party or its designated custodian;
     (4) copies or revisions that add or change an identified assignee of the authoritative copy can be made only with the participation of the secured party;
     (5) each copy of the authoritative copy and any copy of a copy is readily identifiable as a copy that is not the authoritative copy; and
     (6) any revision of the authoritative copy is readily identifiable as an authorized or unauthorized revision.

Enacted by Chapter 252, 2000 General Session
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Last revised: Thursday, May 28, 2009