{"data":{"id":"us-az/a.r.s.-47-9105","jurisdiction":"us-az","citation":"A.R.S. § 47-9105","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\nB. A system satisfies subsection A of this section if the record or records comprising the chattel paper are created, stored and assigned in such a manner that:\n\n1. A single authoritative copy of the record or records exists that is unique, identifiable and, except as otherwise provided in paragraphs 4, 5 and 6, unalterable;\n\n2. The authoritative copy identifies the secured party as the assignee of the record or records;\n\n3. The authoritative copy is communicated to and maintained by the secured party or its designated custodian;\n\n4. 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\n5. 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\n6. Any amendment of the authoritative copy is readily identifiable as an authorized or unauthorized revision.","path":["Title 47 Weights and Measures"],"source_url":"https://www.azleg.gov/ars/47/09105.htm","current_through":"57th Legislature, 2nd Regular Session (effective 2027-01-01); mirror section count 24991","vintage":"2026-09-15","retrieved_at":"2026-09-26T04:29:04Z","sha256":"fc4205f791a95320f59d5edf38d5a4e729fe6878d98794e2312e07fc197da3a8","source_id":"us-az","stale":false,"prev":"us-az/a.r.s.-47-9104","next":"us-az/a.r.s.-47-9106"},"notice":"GroundRules: Original legal text. Not legal advice."}