B.__If the sender or the recipient does not have a place of business, the place of business is the sender's or recipient's residence, as the case may be.

5.__Actual receipt.__An electronic record is received under subsection 2 even if no individual is aware of its receipt.

6.__Contents.__Receipt of an electronic acknowledgment from an information processing system described in subsection 2 establishes that a record was received but, by itself, does not establish that the content sent corresponds to the content received.

7.__Legal effect.__If a person is aware that an electronic record purportedly sent under subsection 1, or purportedly received under subsection 2, was not actually sent or received, the legal effect of the sending or receipt is determined by other applicable law.__Except to the extent permitted by the other law, the requirements of this subsection may not be varied by agreement.

§9416.__Transferable records

1.__ Definition.__In this section, "transferable record" means an electronic record that:

A.__Would be a note under Title 11, Article 3-A or a document under Title 11, Article 7 if the electronic record were in writing; and

B.__The issuer of the electronic record expressly has agreed is a transferable record.

2.__Control.__A person has control of a transferable record if an information processing system employed for evidencing the transfer of interests in the transferable record reliably establishes that person as the person to which the transferable record was issued or transferred.

3.__Compliance.__An information processing system satisfies subsection 2, and a person is deemed to have control of a transferable record, if the transferable record is created, stored and assigned in such a manner that:

A.__A single authoritative copy of the transferable record exists that is unique, identifiable and, except as otherwise provided in paragraphs D, E and F, unalterable;