{"data":{"id":"us-sc/s.c.-code-ann.-36-9-105","jurisdiction":"us-sc","citation":"S.C. Code Ann. § 36-9-105","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 subsection (a) 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 which is unique, identifiable and, except as otherwise provided in items (4), (5), and (6), 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 36 - COMMERCIAL CODE","CHAPTER 9 Commercial Code—Secured Transactions","Part 1 General Provisions"],"source_url":"https://www.scstatehouse.gov/code/t36c009.php","current_through":"2025 Session of the General Assembly","vintage":"","retrieved_at":"2026-09-02T07:08:49Z","sha256":"e363cfe11348a38af0db738cab8005b76ed75b992d7ed4c1bcacb7238da72287","source_id":"us-sc","stale":false,"prev":"us-sc/s.c.-code-ann.-36-9-104","next":"us-sc/s.c.-code-ann.-36-9-106"},"notice":"GroundRules: Original legal text. Not legal advice."}