Minnesota § 336.12-102 336.12-102 DEFINITIONS.

Minnesota Statutes

§ 336.12-102 — 336.12-102 DEFINITIONS.

Minnesota § 336.12-102

PartTRADE REGULATIONS, CONSUMER PROTECTION

Ch. 336UNIFORM COMMERCIAL CODE

This text of Minnesota § 336.12-102 (336.12-102 DEFINITIONS.) is published on Counsel Stack Legal Research, covering Minnesota primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.

Bluebook

Minn. Stat. § 336.12-102 (2026).

Text

(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 section336.12-105. 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

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(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 section336.12-105. 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, United States Code, title 15, section 7021(a)(1), as amended; or
(B) section325L.16, paragraph (a).
(4) "Value" has the meaning provided in section336.3-303(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.