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State Statutes
- Idaho
- Title 28
- Chapter 9
- 28-9-105
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| Idaho Statutes |
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| 28-9-105 - CONTROL OF ELECTRONIC CHATTEL PAPER |
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: (1) A single authoritative copy of the record or records exists which is unique, identifiable and, except as otherwise provided in subsections (4), (5) and (6) of this section, unalterable; (2) The authoritative copy identifies the secured party as the assignee of the record or records; (3) The authoritative copy is communicated to and maintained by the secured party or its designated custodian; (4) Copies or revisions that add or change an identified assignee of the authoritative copy can be made only with the participation of the secured party; (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 (6) Any revision of the authoritative copy is readily identifiable as an authorized or unauthorized revision. |
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