Definitions.

1. Article 14 definitions. In this Article : a. “Controllable electronic record” means a record stored in an electronic medium that can be subjected to control under section 554.14105 . 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. b. “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. c. “Transferable record” has the meaning provided for that term in: (1) section 201(a)(1) of the Electronic Signatures in Global and National Commerce Act , 15 U.S.C. §7021(a)(1) , as amended; or (2) the Uniform Electronic Transactions Act, section 554D.118, subsection 1 . d. “Value” has the meaning provided in section 554.3303, subsection 1 , as if references in that subsection to an “instrument” were references to a controllable account, controllable electronic record, or controllable payment intangible. 2. 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 . 3. Article 1 definitions and principles. Article 1 contains general definitions and principles of construction and interpretation applicable throughout this Article . 2022 Acts, ch 1117, §2 ; 2024 Acts, ch 1023, §2 Referred to in §554.8102 , 554.9102 , 554.15102