There Is a Newer Version of the Pennsylvania Consolidated Statutes
2012 Pennsylvania Consolidated Statutes
Title 13 - COMMERCIAL CODE
Chapter 91 - General Provisions
Section 9105 - Control of electronic chattel paper
§ 9105. 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 which 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 which is not the
authoritative copy; and
(6) any revision of the authoritative copy is readily
identifiable as an authorized or unauthorized revision.
Cross References. Section 9105 is referred to in sections
9203, 9207, 9208, 9314, 9330, 9601 of this title.
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