70A-12a-102. Definitions.
133 words·~1 min read·
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Effective 5/6/2026
70A-12a-102. Definitions.
(1)In this chapter:
(a)"Adjustment date" means July 1, 2025, or the date that is one year after May 6, 2026, whichever is later.
(b)"Article 12" means Chapter 12, Uniform Commercial Code - Controllable Electronic Records.
(c)"Article 12 property" means a controllable account, controllable electronic record, or controllable payment intangible.
(2)The following definitions in other chapters of this title apply to this chapter:
(a)"Controllable account," Section 70A-9a-102 .
(b)"Controllable electronic record," Section 70A-12-102 .
(c)"Controllable payment intangible," Section 70A-9a-102 .
(d)"Electronic money," Section 70A-9a-102 .
(e)"Financing statement," Section 70A-9a-102 .
(3)Chapter 1a, Uniform Commercial Code - General Provisions, contains general definitions and principles of construction and interpretation applicable throughout this chapter.
Enacted by Chapter 322 , 2026 General Session