[§490:12-102]  Definitions.  (a)  In this article:

     "Controllable electronic record" means a record stored in an electronic medium that may be subjected to control under section 490:12-105.  "Controllable electronic record" 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.

     "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.

     "Transferable record" has the same meaning as in:

     (1)  Section 201(a)(1) of the Electronic Signatures in Global and National Commerce Act, title 15 United States Code section 7021(a)(1), as amended; or

     (2)  Section 489E-16(a).

     "Value" has the same meaning as in section 490:3-303(a), as if references in that section to an "instrument" were references to a controllable account, controllable electronic record, or controllable payment intangible.

     (b)  The following definitions in other articles of this chapter shall apply to this article:

     "Account debtor".  Section 490:9-102.

     "Chattel paper".  Section 490:9-102.

     "Controllable account".  Section 490:9-102.

     "Controllable payment intangible".  Section 490:9-102.

     "Deposit account".  Section 490:9-102.

     "Electronic money".  Section 490:9-102.

     "Investment property".  Section 490:9-102.

     (c)  Article 1 contains general definitions and principles of construction and interpretation applicable throughout this article. [L 2023, c 132, pt of §1]