2010 Georgia Code 11-9-105 Case Law
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One Click Case Law for § 11-9-105
O.C.G.A. § 11-9-104 <-- --> O.C.G.A. §11-9-106



2010 Georgia Code

TITLE 11 - COMMERCIAL CODE
ARTICLE 9 - SECURED TRANSACTIONS
PART 1 - GENERAL PROVISIONS
PART 1 - SHORT TITLE, DEFINITIONS, AND GENERAL CONCEPTS
§ 11-9-105 - Control of electronic chattel paper

O.C.G.A. 11-9-105 (2010)
11-9-105. 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) of this Code 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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Graham W. Syfert, Esq., P.A.
Phone: 904-383-7448
Fax: 904-638-4726

graham@syfert.com