{"data":{"id":"us-ak/as-45.29.105","jurisdiction":"us-ak","citation":"AS 45.29.105","heading":"Control of electronic chattel paper.","body":"(a) A secured party has control of electronic chattel paper if a system employed for evidencing the transfer of interests in the chattel paper reliably establishes the secured party as the person to which the chattel paper was assigned.\n(b) A system satisfies (a) of this section if the record or records comprising the chattel paper are created, stored, and assigned in such a manner that\n(1) a single authoritative copy of the record or records exists that is unique, identifiable, and, except as otherwise provided in (4) — (6) of this subsection, unalterable;\n(2) the authoritative copy identifies the secured party as the assignee of the record or records;\n(3) the authoritative copy is communicated to and maintained by the secured party or its 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 secured party;\n(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\n(6) any amendment of the authoritative copy is readily identifiable as authorized or unauthorized.","path":["Title 45. Trade and Commerce.","Chapter 29. Secured Transactions."],"source_url":"https://www.akleg.gov/basis/statutes.asp#45.29.105","current_through":"Alaska Statutes 2025 (34th Legislature, 2025-2026)","vintage":"","retrieved_at":"2026-09-02T06:19:44Z","sha256":"18a495b8c0aa3b2914f4578d29e7b57aa6fe5c51758db1475e5973e830bbb633","source_id":"us-ak","stale":false,"prev":"us-ak/as-45.29.104","next":"us-ak/as-45.29.106"},"notice":"GroundRules: Original legal text. Not legal advice."}