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.
A system satisfies subsection (a) if the record or records comprising the chattel paper are created, stored, and assigned in such a manner that:
Structure Mississippi Code
Title 75 - Regulation of Trade, Commerce and Investments
Chapter 9 - Uniform Commercial Code-Secured Transactions
Subpart 1 - Short Title, Definitions, and General Concepts
§ 75-9-102. Definitions and index of definitions
§ 75-9-103. Purchase-money security interest; application of payments; burden of establishing
§ 75-9-104. Control of deposit account
§ 75-9-105. Control of electronic chattel paper
§ 75-9-106. Control of investment property