CONTROLLABLE ELECTRONIC RECORDS

Cal. COM § 12102

California Statutes

(

a) In this division, the following

definitions apply: (1) “Controllable electronic record” means a record stored in an electronic medium that can be subjected to control under

Section 12105.

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 either of the following: (A) Paragraph (1) of subsection (

a) of

Section of Title of the United States Code. (

B) Subsection (

a) of

Section of the Uniform Electronic Transactions Act of any state whose law is applicable. (4) “Value” has the meaning provided in subdivision (

a) of

Section 3303, as if references in that subdivision to an “instrument” were references to a controllable account, controllable electronic record, or controllable payment intangible. (

b) The

definitions in Division 9 (commencing with

Section 9101) of “account debtor,” “controllable account,” “controllable payment intangible,” “chattel paper,” “deposit account,” “electronic money,” and “investment property” apply to this division. (

c) Division 1 (commencing with

Section 1101) contains general

definitions and principles of construction and

interpretation applicable throughout this division.

Document details

CollectionCalifornia Statutes
CitationCal. COM § 12102
Date2024-01-01
Typestatute
Languageen
SourceCA_STAT
IdentifierCOM12102.202321090

CONTROLLABLE ELECTRONIC RECORDS

Cal. COM § 12102

California Statutes

CONTROLLABLE ELECTRONIC RECORDS

Cal. COM § 12102

California Statutes

(

a) In this division, the following

definitions apply: (1) “Controllable electronic record” means a record stored in an electronic medium that can be subjected to control under

Section 12105.

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 either of the following: (A) Paragraph (1) of subsection (

a) of

Section of Title of the United States Code. (

B) Subsection (

a) of

Section of the Uniform Electronic Transactions Act of any state whose law is applicable. (4) “Value” has the meaning provided in subdivision (

a) of

Section 3303, as if references in that subdivision to an “instrument” were references to a controllable account, controllable electronic record, or controllable payment intangible. (

b) The

definitions in Division 9 (commencing with

Section 9101) of “account debtor,” “controllable account,” “controllable payment intangible,” “chattel paper,” “deposit account,” “electronic money,” and “investment property” apply to this division. (

c) Division 1 (commencing with

Section 1101) contains general

definitions and principles of construction and

interpretation applicable throughout this division.

Document details

CollectionCalifornia Statutes
CitationCal. COM § 12102
Date2024-01-01
Typestatute
Languageen
SourceCA_STAT
IdentifierCOM12102.202321090