{"data":{"id":"us-il/810-ilcs-5-12-102","jurisdiction":"us-il","citation":"810 ILCS 5/12-102","heading":"Definitions.","body":"(a) In this Article:\n(1) \"Controllable electronic record\" means a record stored in an electronic medium that can be subjected to control under Section 12-105. 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, electronic money, investment property, or a transferable record.\n(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.\n(3) \"Transferable record\" has the meaning provided for that term in:\n(A) Section 201(a)(1) of the Electronic Signatures in Global and National Commerce Act, 15 U.S.C. Section 7021(a)(1), as amended; or\n(B) Section 16(a) of the Uniform Electronic Transactions Act.\n(4) \"Value\" has the meaning provided in Section 3-303(a), as if references in that subsection to an \"instrument\" were references to a controllable account, controllable electronic record, or controllable payment intangible.\n(b) Definitions in Article 9. The definitions in Article 9 of \"account debtor\", \"controllable account\", \"controllable payment intangible\", \"chattel paper\", \"deposit account\", \"electronic money\", and \"investment property\" apply to this Article.\n(c) Article 1 definitions and principles. Article 1 contains general definitions and principles of construction and interpretation applicable throughout this Article.","path":["CHAPTER 810 COMMERCIAL CODE","Uniform Commercial Code."],"source_url":"https://www.ilga.gov/legislation/ILCS/details?ActID=2301\u0026ChapterID=66\u0026ChapAct=FullText\u0026Print=True","current_through":"at least Public Act 104-790","vintage":"","retrieved_at":"2026-09-15T04:46:47Z","sha256":"0756d46108f5453106aa30031203b437221f2d4828631f6776d2f6883816207c","source_id":"us-il","stale":false,"prev":"us-il/810-ilcs-5-12-101","next":"us-il/810-ilcs-5-12-103"},"notice":"GroundRules: Original legal text. Not legal advice."}