- Alaska Statutes.
- Title 45. Trade and Commerce
- Chapter 29. Secured Transactions
- Section 105. Control of Electronic Chattel Paper.
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AS 45.29.105. 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 that is unique, identifiable, and, except as otherwise
provided in (4) - (6) of this section, 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.
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