§ 12a-12-102

DEFINITIONS (a) In this article, unless the context otherwise requires:(1) 'Controllable electronic record' means a record stored in an electronic medium that can be subjected to control under Section 12-105 of this title. 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, investment property, a transferable record, or an electronic record that is a medium of exchange currently authorized or adopted by a domestic or foreign government and is not a medium of exchange that was recorded and transferable in a system that existed and operated for the medium of exchange before the medium of exchange was authorized or adopted by the government.(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

ith, 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., Section 7021(a)(1); or(B)Subsection (a) of Section 15-116 of Title 12A of the Oklahoma Statutes.(4) 'Value' has the same meaning as provided in subsection (a) of Section 3-303 of this title, 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 Article 9 of this title of 'account debtor', 'controllable account', 'controllable payment intangible', 'chattel paper', 'deposit account', and 'investment property' apply to this article.(c) Article 1 of this title contains general definitions and principles of construction and interpretation applicable throughout this article.Added by Laws 2024, c. 13, § 92, eff. Nov. 1, 2024.