Oklahoma § 12A-12-102 Definitions.

Oklahoma Statutes

§ 12A-12-102 — Definitions.

Oklahoma § 12A-12-102

Title 12AUniform Commercial Code

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

Bluebook

Okla. Stat. tit. 12A, § 12A-12-102 (2026).

Text

DEFINITIONS (a) In this article, unless the context otherwise requires:

(1)"Controllable electronic record" means a record stored in an electronic medium that can be subjected to control under Section 12-105 of this title. 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 a medium of exchange 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 the government.

(2)"Quali

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DEFINITIONS (a) In this article, unless the context otherwise requires: (1) "Controllable electronic record" means a record stored in an electronic medium that can be subjected to control under Section 12-105 of this title. 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 a medium of exchange 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 the government. (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, 15 U.S.C., Section 7021(a)(1); or (B) Subsection (a) of Section 15-116 of Title 12A of the Oklahoma Statutes. (4) "Value" has the same meaning as provided in subsection (a) of Section 3-303 of this title, as if references in that subsection to an "instrument" were references to a controllable account, controllable electronic record, or controllable payment intangible. (b) The definitions in Article 9 of this title of "account debtor", "controllable account", "controllable payment intangible", "chattel paper", "deposit account", and "investment property" apply to this article. (c) Article 1 of this title contains general definitions and principles of construction and interpretation applicable throughout this article.