§490:9-105  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 paragraphs (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. [L 2000, c 241, pt of
§1]