2024 New York Laws
UCC - Uniform Commercial Code
Article 9 - Secured Transactions
Part 1 - General Provisions
Sub Part 1 - Short Title, Definitions, and General Concepts
9-105 - Control of Electronic Chattel Paper

Section 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.