2012 Pennsylvania Consolidated Statutes
Title 13 - COMMERCIAL CODE
Chapter 71 - General
Section 7106 - Control of electronic document of title

     § 7106.  Control of electronic document of title.
        (a)  Establishment.--A person has control of an electronic
     document of title if a system employed for evidencing the
     transfer of interests in the electronic document reliably
     establishes that person as the person to which the electronic
     document was issued or transferred.
        (b)  Manner.--A system satisfies subsection (a) and a person
     is deemed to have control of an electronic document of title if
     the document is created, stored and assigned in such a manner
     that:
            (1)  a single authoritative copy of the document exists
        which is unique, identifiable and, except as otherwise
        provided in paragraphs (4), (5) and (6), unalterable;
            (2)  the authoritative copy identifies the person
        asserting control as:
                (i)  the person to which the document was issued; or
                (ii)  if the authoritative copy indicates that the
            document has been transferred, the person to which the
            document was most recently transferred;
            (3)  the authoritative copy is communicated to and
        maintained by the person asserting control or its designated
        custodian;
            (4)  copies or amendments that add or change an
        identified assignee of the authoritative copy can be made
        only with the consent of the person asserting control;
            (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 amendment of the authoritative copy is readily
        identifiable as authorized or unauthorized.

        Cross References.  Section 7106 is referred to in sections
     2103, 4104, 9102, 9203, 9207, 9314, 9601 of this title.