34.1-9-105. Control of electronic chattel paper. (a) A secured party has control of electronic chattel paper if a system employed for evidencing the transfer of interest in the chattel paper reliably establishes the secured party as the person to which the chattel paper was assigned. (b) A system satisfies subsection (a) of this section if the record or records comprising the chattel paper are created, stored and assigned in such a manner that: (i) A single authoritative copy of the record or records exists which is unique, identifiable and, except as otherwise provided in paragraphs (iv), (v) and (vi), unalterable; (ii) The authoritative copy identifies the secured party as the assignee of the record or records; (iii) The authoritative copy is communicated to and maintained by the secured party or its designated custodian; (iv) 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; (v) 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 (vi) Any amendment of the authoritative copy is readily identifiable as copy of the authoritative copy and any copy of a copy is readily identifiable as a copy that is not the authoritative copy; and (vi) Any amendment of the authoritative copy is readily identifiable as authorized or unauthorized.
Wyoming Legal Code