{"data":{"id":"us-tx/tex.-business-commerce-code-9.105","jurisdiction":"us-tx","citation":"Tex. Business \u0026 Commerce Code § 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), and a secured party has control of electronic chattel paper, 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 Subdivisions (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.\nAmended by Acts 1999, 76th Leg., ch. 414, Sec. 1.01, eff. July 1, 2001.\nAmended by:\nActs 2011, 82nd Leg., R.S., Ch. 67 (S.B. 782), Sec. 2, eff. July 1, 2013.","path":["BUSINESS AND COMMERCE CODE","TITLE 1. UNIFORM COMMERCIAL CODE","CHAPTER 9. SECURED TRANSACTIONS","SUBCHAPTER A. SHORT TITLE, DEFINITIONS, AND GENERAL CONCEPTS"],"source_url":"https://statutes.capitol.texas.gov/Docs/BC/htm/BC.9.htm#9.105","current_through":"89th 2nd Called Legislative Session, 2025","vintage":"","retrieved_at":"2026-08-27T01:46:56Z","sha256":"67198cbded114e05cf35bb540550932f187f6e50b8a8c2fa9fe0ff32688a02b8","source_id":"us-tx","stale":false,"prev":"us-tx/tex.-business-commerce-code-9.104","next":"us-tx/tex.-business-commerce-code-9.106"},"notice":"GroundRules: Original legal text. Not legal advice."}