Section 382-A:9-105 Control of Electronic Chattel Paper. - New Hampshire Statutes

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.

Source. 2001, 102:25, eff. July 1, 2001.