Iowa Code 554.14102 – Definitions
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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 deposit account, electronic chattel paper, electronic copy of a record evidencing chattel paper, 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 the 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” means:
(1) “Transferable record”, as defined in the federal Electronic Signatures in Global and National Commerce Act, 15 U.S.C. § 7021(a)(1), as amended.
(2) “Transferable record” as defined in the uniform electronic transactions Act, section 554D.118, subsection 1.
d. “Value” has the meaning provided in section 554.3303, subsection 1.
Terms Used In Iowa Code 554.14102
- Account: means the same as defined in section 554. See Iowa Code 554E.1
- Chattel paper: means the same as defined in section 554. See Iowa Code 554E.1
- Controllable electronic record: means an electronic record that can be subjected to control under any applicable article of the uniform commercial code. See Iowa Code 554E.1
- Electronic: means the same as defined in section 554D. See Iowa Code 554E.1
- Electronic document of title: means the same as defined in section 554. See Iowa Code 554E.1
- Electronic record: means the same as defined in section 554D. See Iowa Code 554E.1
- Investment property: means the same as defined in section 554. See Iowa Code 554E.1
- Money: means the same as defined in section 554. See Iowa Code 554E.1
- property: includes personal and real property. See Iowa Code 4.1
- Record: means the same as defined in section 554D. See Iowa Code 554E.1
- Transferable record: means the same as transferable record defined in the federal Electronic Signatures in Global and National Commerce Act, 15 U. See Iowa Code 554E.1
2. Definitions in Article 9. The definitions in Article 9 of “account debtor”, “authenticate”, “controllable account”, “controllable payment intangible”, “chattel paper”, “deposit account”, “electronic chattel paper”, “electronic money”, and “investment property” apply to this Article.