382-A:12-102 Definitions. –
(a) Article 12 definitions. In this article:
(1) "
Controllable electronic record
" means a record stored in an electronic medium that can be subjected to control under Section 12-105. The term does not include a controllable account, a controllable payment intangible, a deposit account, an electronic copy of a record evidencing chattel paper, an electronic document of title, electronic money, investment property, or a transferable record.
(2) "
Qualifying purchaser
" means a purchaser of a controllable electronic record or an interest in the controllable electronic record that obtains control of the controllable electronic record for value, in good faith, and without notice of a claim of a property right in the controllable electronic record.
(3) "
Transferable record
" means:
(A) "Transferable record" as defined in the Electronic Signatures in Global and National Commerce Act, 15 U.S.C. Section 7001 et seq., as amended; or
(B) "Transferable record" as defined in [cite to Uniform Electronic Transactions Act Section 16(a)].
(4) "Value" has the meaning provided in Section 3-303(a).
(b) Definitions in Article 9. The definitions in Article 9 of "account debtor", "controllable account", "controllable payment intangible", "chattel paper", "deposit account", "electronic money", and "investment property" apply to this article.
Source. 2022, 281:81, eff. Jan. 1, 2023.