§ 6A-12-107. Governing law.
(a) Governing law: general rule. Except as provided in subsection (b) of this section, the local law of a controllable
electronic record's jurisdiction governs a matter covered by this chapter.
(b) Governing law: § 6A-12-106. For a controllable electronic record that evidences a controllable account or controllable
payment intangible, the local law of the controllable electronic record's jurisdiction
governs a matter covered by § 6A-12-106 unless an effective agreement determines that the local law of another jurisdiction
governs.
(c) Controllable electronic record's jurisdiction. The following rules determine a controllable electronic record's jurisdiction under
this section:
(1) If the controllable electronic record, or a record attached to or logically associated
with the controllable electronic record and readily available for review, expressly
provides that a particular jurisdiction is the controllable electronic record's jurisdiction
for purposes of this chapter or this title, that jurisdiction is the controllable
electronic record's jurisdiction.
(2) If subsection (c)(1) of this section does not apply and the rules of the system in
which the controllable electronic record is recorded are readily available for review
and expressly provide that a particular jurisdiction is the controllable electronic
record's jurisdiction for purposes of this chapter or this title, that jurisdiction
is the controllable electronic record's jurisdiction.
(3) If subsections (c)(1) and (c)(2) of this section do not apply and the controllable
electronic record, or a record attached to or logically associated with the controllable
electronic record and readily available for review, expressly provides that the controllable
electronic record is governed by the law of a particular jurisdiction, that jurisdiction
is the controllable electronic record's jurisdiction.
(4) If subsections (c)(1), (c)(2) and (c)(3) of this section do not apply and the rules
of the system in which the controllable electronic record is recorded are readily
available for review and expressly provide that the controllable electronic record
or the system is governed by the law of a particular jurisdiction, that jurisdiction
is the controllable electronic record's jurisdiction.
(5) If subsections (c)(1) through (c)(4) of this section do not apply, the controllable
electronic record's jurisdiction is the District of Columbia.
(d) Applicability of chapter 12. If subsection (c)(5) of this section applies and chapter 12 of title 6A is not in effect in the District of Columbia without material modification, the
governing law for a matter covered by this chapter is the law of the District of Columbia
as though chapter 12 of title 6A were in effect in the District of Columbia without material modification. In this
subsection, "Chapter 12� means Article 12 of Uniform Commercial Code Amendments (2022).
(e) Relation of matter or transaction to controllable electronic record's jurisdiction
not necessary. To the extent subsections (a) and (b) of this section provide that
the local law of the controllable electronic record's jurisdiction governs a matter
covered by this chapter, that law governs even if the matter or a transaction to which
the matter relates does not bear any relation to the controllable electronic record's
jurisdiction.
(f) Rights of purchasers determined at time of purchase. The rights acquired under § 6A- 12-104 by a purchaser or qualifying purchaser are
governed by the law applicable under this section at the time of purchase.