{"data":{"id":"us-wa/rcw-62a.9a-105","jurisdiction":"us-wa","citation":"RCW 62A.9A-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 (4), (5), and (6) of this subsection, 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(A) Prevent others from adding or changing an identified assignee of the authoritative electronic copy; and\n(B) Transfer control of the authoritative electronic copy.\n(d) Meaning of exclusive. Subject to subsection (e) of this section, a power is exclusive under subsection (c)(3)(A) and (B) 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(A) Can exercise the power without exercise of the power by the purchaser; or\n(B) 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 subsection (c)(3)(A) and (B) 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 62A","Chapter 62A.9A"],"source_url":"https://app.leg.wa.gov/rcw/default.aspx?cite=62A.9A-105","current_through":"July 15, 2026","vintage":"","retrieved_at":"2026-09-06T03:39:28Z","sha256":"3e495fcc36f0fd9439f14f89ea9a0dcc9dc967339032106572ac04932e03777d","source_id":"us-wa","stale":false,"prev":"us-wa/rcw-62a.9a-104","next":"us-wa/rcw-62a.9a-1051"},"notice":"GroundRules: Original legal text. Not legal advice."}