{"data":{"id":"us-ar/ark.-code-ann.-4-7-106","jurisdiction":"us-ar","citation":"Ark. Code Ann. § 4-7-106","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 which the electronic document was issued or transferred.\n(b) A system satisfies subsection (a), and a person is deemed to have control of an electronic document of title, if the document is created, stored, and assigned in such a manner that:\n(1) a single authoritative copy of the document exists which is unique, identifiable, and, except as otherwise provided in paragraphs (4), (5), and (6), unalterable;\n(2) the authoritative copy identifies the person asserting control as:\n(A) the person to which the document was issued; or\n(B) if the authoritative copy indicates that the document has been transferred, the person to which the document was most recently transferred;\n(3) the authoritative copy is communicated to and maintained by the person asserting control 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 person asserting control;\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 4 Business and Commercial Law","Subtitle 1. Uniform Commercial Code","Chapter 7 Documents of Title","Part 1 — General"],"source_url":"https://archive.org/download/gov.ar.code/release78.2020.11.06/gov.ar.code.title.04.odt","current_through":"2020-11-06","vintage":"Arkansas Code Release 78 (2020-11), retrieved 2026-09-17","retrieved_at":"2026-09-17T21:07:03Z","sha256":"cbccdf9dc1a1029f2be8ce4f3147bc12e5e5353fd80490916a358ec7153b659f","source_id":"us-ar","stale":false,"prev":"us-ar/ark.-code-ann.-4-7-105","next":"us-ar/ark.-code-ann.-4-7-201"},"notice":"GroundRules: Original legal text. Not legal advice."}