Section 355.7-106 - [Effective Until 1/1/2025] Control of electronic document of title(1) A person has control of an electronic document of title 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) of this section, and a person is deemed to have control of an electronic document of title, if the document is created, stored, and assigned in such a manner that: (a) A single authoritative copy of the document exists which is unique, identifiable, and, except as otherwise provided in paragraphs (d), (e), and (f) of this subsection, unalterable;(b) The authoritative copy identifies the person asserting control as: 1. The person to which the document was issued; or2. If the authoritative copy indicates that the document has been transferred, the person to which the document was most recently transferred;(c) The authoritative copy is communicated to and maintained by the person asserting control or its 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.Added by 2012 Ky. Acts ch. 132,§ 6, eff. 7/11/2012.This section is set out more than once due to postponed, multiple, or conflicting amendments.