§ 12.102

§§ 12-102. Definitions. (a) Article 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 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); or (B) Section 12A-116 of this title. (4) 'Value' has the meaning provided in Section 3-303(a), as if references in that subsection to an 'instrument' were references to a controllable account, controllable electronic record, or controllable

'Value' has the meaning provided in Section 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 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. (c) Article 1 definitions and principles. — Article 1 contains general definitions and principles of construction and interpretation applicable throughout this article.84 Del. Laws, c. 174, § 90;