Iowa Code 554.14108 – Applicability
Current as of: 2023 | Check for updates
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Terms Used In Iowa Code 554.14108
- 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 record: means the same as defined in section 554D. See Iowa Code 554E.1
- Record: means the same as defined in section 554D. See Iowa Code 554E.1
- Transaction: means a sale, trade, exchange, transfer, payment, or conversion of a digital asset or any other property or any other action or set of actions occurring between two or more persons relating to the conduct of business, commercial, or governmental affairs. See Iowa Code 554E.1
This Article applies to any transaction involving a controllable electronic record that arises on or after July 1, 2022. This Article does not apply to any transaction involving a controllable electronic record that arises before July 1, 2022, even if the transaction would be subject to this Article if the transaction had arisen on or after July 1, 2022. This Article does not apply to a right of action with regard to any transaction involving a controllable electronic record that has accrued before July 1, 2022.