§ 104B.12102 — Definitions

1. In this Article:
(a) “Controllable electronic record” means a record stored in an electronic medium that can be subjected to control under NRS 104B.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, investment property, a transferable record or an electronic record that is 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 a government.
(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) Subsection 1 of NRS 719.330 .
(d) “Value” has the meaning provided in subsection 1 of NRS 104.3303 , as if references in that subsection to an “instrument” were references to a controllable account, controllable electronic record or controllable payment intangible.
2. The following definitions in Article 9 apply to this Article:
“Account debtor.” NRS 104.9102 .
“Chattel paper.” NRS 104.9102 .
“Controllable account.” NRS 104.9102 .
“Controllable payment intangible.” NRS 104.9102 .
“Deposit account.” NRS 104.9102 .
“Investment property.” NRS 104.9102 .
3. Article 1 contains general definitions and principles of construction and interpretation applicable throughout this Article.

Legislative History

(Added to NRS by 2023, 3169 )