Framework for Control over Electronic Chattel Paper--Compliance with UCC § 9-105.

Presents the framework for control over electronic chattel paper (ECP) pursuant to Section 9-105 of the Uniform Commercial Code, prepared by the American Bar Association and the Open Group through a joint Working Group of Electronic Financial Assets. Comparison between ECP and tangible chattel papers; Application of control systems engineering to electronic records; Parties that may provide input into the control system; Key factor that could identify non-authoritative copies of a single authoritative copy of ECP.