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California Commercial Code

§ 9105

COM § 9105 Effective Jan 1, 2024Div. 9 · Ch. 1

Statute text

View on leginfo.ca.gov
(a)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.
(b)A system satisfies subdivision (a) if the record or records evidencing the chattel paper are created, stored, and assigned in such a manner that each of the following conditions is satisfied:
(1)A single authoritative copy of the record or records exists which is unique, identifiable, and, except as otherwise provided in paragraphs (4), (5), and (6), unalterable.
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Legislative history

Amended by Stats. 2023, Ch. 210, Sec. 26. (SB 95) Effective January 1, 2024.

Source: California Commercial Code § 9105 from the California Legislative Information (public record). DecisionDepot is for informational use only and is not legal advice — verify against the official source before relying on this text.