(a) Chapter 6 definitions. In this chapter:(1) “Controllable electronic record” means a record stored in an electronic medium that can be subjected to control under § 47-6-105. 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:(A) Section 201(a)(1) of the federal Electronic Signatures in Global and National Commerce Act (15 U.S.C. § 7021(a)(1)), as amended; or(B) Section 47-10-116(a).(4) “Value” has the meaning provided in § 47-3-303(a), as if references in that subsection to an “instrument” were references to a controllable account, controllable electronic record, or controllable payment intangible.
(1) “Controllable electronic record” means a record stored in an electronic medium that can be subjected to control under § 47-6-105. 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:(A) Section 201(a)(1) of the federal Electronic Signatures in Global and National Commerce Act (15 U.S.C. § 7021(a)(1)), as amended; or(B) Section 47-10-116(a).
(A) Section 201(a)(1) of the federal Electronic Signatures in Global and National Commerce Act (15 U.S.C. § 7021(a)(1)), as amended; or
(B) Section 47-10-116(a).
(4) “Value” has the meaning provided in § 47-3-303(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. The definitions in chapter 9 of “account debtor”, “controllable account”, “controllable payment intangible”, “chattel paper”, “deposit account”, “electronic money”, and “investment property” apply to this chapter.
(c) Chapter 1 definitions and principles. Chapter 1 contains general definitions and principles of construction and interpretation applicable throughout this chapter.