Title 6A
Uniform Commercial Code

Chapter 12
Controllable Electronic Records

§ 6A-12-102. Definitions.

(a) Chapter 12 of title 6A definitions. In this chapter:

(1) “Controllable electronic record” means a record stored in an electronic medium that can be subjected to control under § 6A-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 a 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” has the meaning provided for that term in:

(i) Section 201(a)(1) of the Electronic Signatures in Global and National Commerce Act, 15 U.S.C. § 7021(a)(1); or

(ii) Section 42-127.1-16(a) of the Uniform Electronic Transactions Act.

(4) “Value” has the meaning provided in § 6A-3-303(a), as if references in that subsection to an “instrument” were references to a controllable account, controllable electronic record, or controllable payment intangible.

(b) Definitions in chapter 9 of title 6A.  The definitions in chapter 9 of this title of “account debtor”, “controllable account”, “controllable payment intangible”, “chattel paper”, “deposit account”, “electronic money”, and “investment property” apply to this chapter.

(c) Chapter 1 of title 6A definitions and principles.  Chapter 1 of this title contains general definitions and principles of construction and interpretation applicable throughout this chapter.