Commentary on sections of the Act Section 2: Definition of "electronic trade document" Persons acting jointly
Section 2(3)(b) of the Act covers the situation where a group of persons acting jointly can exercise control of the trade document in electronic form. This could arise, for example, in a multi-signature arrangement, where several people have different (fragments of) keys, with a certain combination or number of them being necessary to effect a transfer of the document. In this case, the persons who can exercise control jointly over the document are treated as one person for the purposes of section 2(2)(c). As such, even though multiple persons (acting jointly) can exercise control of the document, these arrangements are still capable of satisfying the exclusive control requirement in section 2(2)(c).