NRS 104.7106
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 whom 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 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), unalterable;(b)
The authoritative copy identifies the person asserting control as:(1)
The person to whom the document was issued; or(2)
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 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.
Source:
Section 104.7106 — Control of electronic document of title., https://www.leg.state.nv.us/NRS/NRS-104.html#NRS104Sec7106 (accessed May 26, 2025).