(1)__The person to which the transferable record was issued; or

(2)__If the authoritative copy indicates that the transferable record has been transferred, the person to which the transferable record 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 revisions 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 revision of the authoritative copy is readily identifiable as authorized or unauthorized.

4.__Holders.__Except as otherwise agreed, a person having control of a transferable record is the holder, as defined in Title 11, section 1-201, subsection (20), of the transferable record and has the same rights and defenses as a holder of an equivalent record or writing under the Uniform Commercial Code, including, if the applicable statutory requirements under Title 11, section 3-1302, subsection (1); Title 11, section 7-501; or Title__11, section 9-308 are satisfied, the rights and defenses of a holder in due course, a holder to which a negotiable document of title has been duly negotiated or a purchaser, respectively.__Delivery, possession and indorsement are not required to obtain or exercise any of the rights under this subsection.

5.__Obligors.__Except as otherwise agreed, an obligor under a transferable record has the same rights and defenses as an equivalent obligor under equivalent records or writings under the Uniform Commercial Code.

6.__Proof.__If requested by a person against which enforcement is sought, the person seeking to enforce the transferable record shall provide reasonable proof that the person seeking to enforce the transferable record is in control of the transferable record.__ Proof includes access to the authoritative copy of the transferable record and related