§ 490:12-101 Short title
§ 490:12-102 Definitions
§ 490:12-103 Relation to article 9 and consumer laws
§ 490:12-104 Rights in controllable account, controllable electronic record, and controllable payment intangible
§ 490:12-105 Control of controllable electronic record
§ 490:12-106 Discharge of account debtor on controllable account or controllable payment intangible
§ 490:12-107 Governing law

Terms Used In Hawaii Revised Statutes > Chapter 490 > Article 12 - Controllable Electronic Records

  • Equitable: Pertaining to civil suits in "equity" rather than in "law." In English legal history, the courts of "law" could order the payment of damages and could afford no other remedy. See damages. A separate court of "equity" could order someone to do something or to cease to do something. See, e.g., injunction. In American jurisprudence, the federal courts have both legal and equitable power, but the distinction is still an important one. For example, a trial by jury is normally available in "law" cases but not in "equity" cases. Source: U.S. Courts
  • Jurisdiction: (1) The legal authority of a court to hear and decide a case. Concurrent jurisdiction exists when two courts have simultaneous responsibility for the same case. (2) The geographic area over which the court has authority to decide cases.
  • Lien: A claim against real or personal property in satisfaction of a debt.
  • Obligation: An order placed, contract awarded, service received, or similar transaction during a given period that will require payments during the same or a future period.
  • Statute: A law passed by a legislature.
  • Uniform Commercial Code: A set of statutes enacted by the various states to provide consistency among the states' commercial laws. It includes negotiable instruments, sales, stock transfers, trust and warehouse receipts, and bills of lading. Source: OCC