Skip to Navigation | Skip to Main Content | Skip to Site Map

MyFloridaHouse.gov | Mobile Site

Senate Tracker: Sign Up | Login

The Florida Senate

2010 Florida Statutes

Title XXXIX COMMERCIAL RELATIONS
Chapter 679 UNIFORM COMMERCIAL CODE: SECURED TRANSACTIONS Entire Chapter
SECTION 1051
Control of electronic chattel paper.
F.S. 679.1051
679.1051

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), 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.

History.
—

s. 1, ch. 2001-198.