§ 554.14102 — Definitions

Iowa § 554.14102

• Jurisdiction: Iowa
• Title XIII: COMMERCE
• Ch. 554: UNIFORM COMMERCIAL CODE

Text

1. Article 14 definitions. In this Article:
a. “Controllable electronic record” means a record stored in an electronic medium
that can be subjected to control under section 554.14105. 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.
b. “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.
c. “Transferable record” has the meaning provided for that term in:
(1) section 201(a)(1) of the Electronic Signatures in Global and National Commerce Act,
15 U.S.C. §7021(a)(1), as amended; or
(2) the Uniform Electronic Transactions Act, section 554D.118, subsection 1.
d. “Value” has the meaning provided in section 554.3303, subsection 1, as if references
in that subsection to an “instrument” were references to a controllable account, controllable
electronic record, or controllable payment intangible.
2. 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.

3. Article 1 definitions and principles. Article 1 contains general definitions and
principles of construction and interpretation applicable throughout this Article.