| 4. Development of Control Systems. This Article leaves to |
the marketplace the development of systems and procedures, |
through a combination of suitable technologies and business |
practices, for dealing with control of electronic chattel paper |
in a commercial context. However, achieving control under this |
section requires more than the agreement of interested persons |
that the elements of control are satisfied. For example, |
paragraph (4) [Maine cite paragraph (d)] contemplates that |
control requires that it be a physical impossibility (or |
sufficiently unlikely or implausible so as to approach practical |
impossibility) to add or change an identified assignee without |
the participation of the secured party (or its authorized |
representative). It would not be enough for the assignor merely |
to agree that it will not change the identified assignee without |
the assignee-secured party's consent. However, the standards |
applied to determine whether a party is in control of electronic |
chattel paper should not be more stringent than the standards now |
applied to determine whether a party is in possession of tangible |