{"data":{"id":"us-ak/as-45.07.116","jurisdiction":"us-ak","citation":"AS 45.07.116","heading":"Control of electronic document of title.","body":"(a) 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 whom the electronic document was issued or transferred.\n(b) A system satisfies (a) of this section, and a person is considered to have control of an electronic document of title, if the document is created, stored, and assigned in a manner by which\n(1) a single authoritative copy of the document exists that is unique, identifiable, and, except as otherwise provided in (4), (5), and (6) of this subsection, unalterable;\n(2) the authoritative copy identifies the person asserting control as\n(A) the person to whom the document was issued; or\n(B) if the authoritative copy indicates that the document has been transferred, the person to whom the document was most recently transferred;\n(3) the authoritative copy is communicated to and maintained by the person asserting control or the person's designated custodian;\n(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;\n(5) each copy of the authoritative copy and a copy of a copy are readily identifiable as a copy that is not the authoritative copy; and\n(6) an amendment of the authoritative copy is readily identifiable as authorized or unauthorized.","path":["Title 45. Trade and Commerce.","Chapter 07. Warehouse Receipts, Bills of Lading, and Other Documents of Title."],"source_url":"https://www.akleg.gov/basis/statutes.asp#45.07.116","current_through":"Alaska Statutes 2025 (34th Legislature, 2025-2026)","vintage":"","retrieved_at":"2026-09-02T06:19:44Z","sha256":"d4b3992b68269f136d01bed66e1ee7e49fe0379cb6ea0b501fec0cb72d4576b7","source_id":"us-ak","stale":false,"prev":"us-ak/as-45.07.115","next":"us-ak/as-45.07.201"},"notice":"GroundRules: Original legal text. Not legal advice."}