New Jersey § 12a:9-105
Full text of New Jersey New Jersey Statutes § 12a:9-105, with citation guidance and answers to common questions.
§ 12a:9-105.
(a) A secured party has control of electronic chattel paper if a system employed for evidencing the transfer of interests 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) 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 paragraphs (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 amendments that add or change an identified assignee of the authoritative copy can be made only
with the consent 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 amendment of the authoritative copy is readily identifiable as authorized or unauthorized .
Frequently Asked Questions About New Jersey § 12a:9-105
What does New Jersey Statutes § 12a:9-105 cover?
Section 12a:9-105 is part of the New Jersey Statutes, the codified statutory law of New Jersey. It sets out the legal rule or procedure described in the text above. Statutes are amended regularly, so always verify against the official source.
How do I cite New Jersey § 12a:9-105?
A common citation format is "New Jersey Statutes § 12a:9-105" (New Jersey). Legal writing may require the code abbreviation, section number, and year or edition. Match the style required by your court, professor, or publisher.
Is this the official text of New Jersey law?
No. This page is for research and education and may not include the most recent amendments. For official current law, check the New Jersey official source linked on this page or consult a licensed New Jersey attorney.
How does New Jersey § 12a:9-105 apply to my situation?
Statutes are interpreted in context, and application depends on your specific facts. Only a licensed attorney in New Jersey can advise on how this section applies to you. Contact your state or local bar association for a referral.
Sources & Verification
Not legal advice. Verify against the official source and consult a licensed attorney in New Jersey.