{"data":{"id":"us-ri/r.i.-gen.-laws-6a-9-105","jurisdiction":"us-ri","citation":"R.I. Gen. Laws § 6A-9-105","heading":"Control of electronic copy of record evidencing chattel paper.","body":"(a) General rule: control of electronic copy of record evidencing chattel paper. A purchaser has control of an authoritative electronic copy of a record evidencing chattel paper if a system employed for evidencing the assignment of interests in the chattel paper reliably establishes the purchaser as the person to which the authoritative electronic copy was assigned.\n(b) Single authoritative copy. A system satisfies subsection (a) of this section if the record or records evidencing the chattel paper are created, stored, and assigned in a manner that:\n(1) A single authoritative copy of the record or records exists which is unique, identifiable, and, except as otherwise provided in subsections (b)(4), (b)(5), and (b)(6) of this section, unalterable;\n(2) The authoritative copy identifies the purchaser as the assignee of the record or records;\n(3) The authoritative copy is communicated to and maintained by the purchaser 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 purchaser;\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.\n(c) One or more authoritative copies. A system satisfies subsection (a) of this section, and a purchaser has control of an authoritative electronic copy of a record evidencing chattel paper, if the electronic copy, a record attached to or logically associated with the electronic copy, or a system in which the electronic copy is recorded:\n(1) Enables the purchaser readily to identify each electronic copy as either an authoritative copy or a nonauthoritative copy;\n(2) Enables the purchaser readily to identify itself in any way, including by name, identifying number, cryptographic key, office, or account number, as the assignee of the authoritative electronic copy; and\n(3) Gives the purchaser exclusive power, subject to subsection (d) of this section, to:\n(i) Prevent others from adding or changing an identified assignee of the authoritative electronic copy; and\n(ii) Transfer control of the authoritative electronic copy.\n(d) Meaning of exclusive. Subject to subsection (e) of this section, a power is exclusive under subsections (c)(3)(i) and (ii) of this section even if:\n(1) The authoritative electronic copy, a record attached to or logically associated with the authoritative electronic copy, or a system in which the authoritative electronic copy is recorded limits the use of the authoritative electronic copy or has a protocol programmed to cause a change, including a transfer or loss of control; or\n(2) The power is shared with another person.\n(e) When power not shared with another person. A power of a purchaser is not shared with another person under subsection (d)(2) of this section and the purchaser’s power is not exclusive if:\n(1) The purchaser can exercise the power only if the power also is exercised by the other person; and\n(2) The other person:\n(i) Can exercise the power without exercise of the power by the purchaser; or\n(ii) Is the transferor to the purchaser of an interest in the chattel paper.\n(f) Presumption of exclusivity of certain powers. If a purchaser has the powers specified in subsections (c)(3)(i) and (ii) of this section, the powers are presumed to be exclusive.\n(g) Obtaining control through another person. A purchaser has control of an authoritative electronic copy of a record evidencing chattel paper if another person, other than the transferor to the purchaser of an interest in the chattel paper:\n(1) Has control of the authoritative electronic copy and acknowledges that it has control on behalf of the purchaser; or\n(2) Obtains control of the authoritative electronic copy after having acknowledged that it will obtain control of the electronic copy on behalf of the purchaser.","path":["Title 6A Uniform Commercial Code","Chapter 9 Secured Transactions","Part 1 General Provisions","Subpart 1 Short Title, Definitions, and General Concepts"],"source_url":"https://webserver.rilegislature.gov/Statutes/TITLE6A/6A-9/6A-1/6A-1/6A-9-105.htm","current_through":"site files published 2025-08-13","vintage":"","retrieved_at":"2026-09-05T18:25:14Z","sha256":"7ea37a328569b5afaab2cd45e0e9bdef41ba1955748af00582b9ffc24ced70e4","source_id":"us-ri","stale":true,"prev":"us-ri/r.i.-gen.-laws-6a-9-104","next":"us-ri/r.i.-gen.-laws-6a-9-105.1"},"notice":"GroundRules: Original legal text. Not legal advice."}