Current with changes from the 2024 legislative session through ch. 845
Section 8.7-106 - [Effective Until 7/1/2025] Control of electronic document(1) A person has control of an electronic document if a system employed for evidencing the transfer of interests in the electronic document reliably establishes that person as the person to which the electronic document was issued or transferred.(2) A system satisfies subsection (1), and a person is deemed to have control of an electronic document, if the document is created, stored, and assigned in such a manner that: (a) a single authoritative copy of the document exists that is unique, identifiable, and, except as otherwise provided in subdivisions (c), (d), and (e), unalterable;(b) the authoritative copy identifies the person asserting control as:(i) the person to whom the document was issued; or(ii) if the authoritative copy indicates that the document has been transferred, the person to whom the document was most recently transferred;(c) the authoritative copy is communicated to and maintained by the person asserting control or his designated custodian;(d) copies or amendments that add or change an identified assignee of the authoritative copy can be made only with the consent of the person asserting control;(e) 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(f) any amendment of the authoritative copy is readily identifiable as authorized or unauthorized.Amended by Acts 2004, § c. 200.This section is set out more than once due to postponed, multiple, or conflicting amendments.