Title 8.12, Title 8.12. Controllable Electronic Records

This title shall be known and may be cited as Uniform Commercial Code--Controllable Electronic Records.

(a) Title 8.12 definitions. In this article: (1) "Controllable electronic record" means a record stored in an electronic medium that can be subjected to control under Section 8.12-105. The term does not include a controllable account, a controllable payment intangible, a deposit …

(a) Article 9 governs in case of conflict. If there is conflict between this article and Article 9, Article 9 governs. (b) Applicable consumer law and other laws. A transaction subject to this article is subject to any applicable rule of law that establishes a different rule for …

(a) Applicability of section to controllable account and controllable payment intangible. This section applies to the acquisition and purchase of rights in a controllable account or controllable payment intangible, including the rights and benefits under subsections (c), (d), (e)…

(a) General rule: control of controllable electronic record. A person has control of a controllable electronic record if the electronic record, a record attached to or logically associated with the electronic record, or a system in which the electronic record is recorded: (1) giv…

(a) Discharge of account debtor. An account debtor on a controllable account or controllable payment intangible may discharge its obligation by paying: (1) the person having control of the controllable electronic record that evidences the controllable account or controllable paym…

(a) Governing law: general rule. Except as provided in subsection (b), the local law of a controllable electronic record's jurisdiction governs a matter covered by this article. (b) Governing law: Section 8.12-106. For a controllable electronic record that evidences a controllabl…