Section 57A-12-102 - Definitions(a) In this chapter: (1) "Controllable electronic record" means a record stored in an electronic medium that can be subjected to control under § 57A-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: (A) Section 201(a)(1) of the Electronic Signatures in Global and National Commerce Act, 15 U.S.C. § 7021(a)(1), as amended and in effect January 1, 2024; or(B) As defined in § 53-12-40.(4) "Value" has the meaning provided in § 57A-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) The definitions in chapter 57A-9 of "account debtor," "controllable account," "controllable payment intangible," "chattel paper," "deposit account," "electronic money," and "investment property" apply to this chapter.(c) Chapter 57A-1 contains general definitions and principles of construction and interpretation applicable throughout this chapter.Added by S.L. 2024, ch. 198,s. 94, eff. 7/1/2024.