{"data":{"id":"us-sd/sdcl-57a-12-102","jurisdiction":"us-sd","citation":"SDCL § 57A-12-102","heading":"Definitions.","body":"(a) In this chapter:\n(1) \"Controllable electronic record\" means a record stored in an electronic medium that can be subjected to control under § 57A-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. § 7021(a)(1), as amended and in effect January 1, 2024; or\n(B) As defined in § 53-12-40.\n(4) \"Value\" has the meaning provided in § 57A-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) The definitions in chapter 57A-9 of \"account debtor,\" \"controllable account,\" \"controllable payment intangible,\" \"chattel paper,\" \"deposit account,\" \"electronic money,\" and \"investment property\" apply to this chapter.\n(c) Chapter 57A-1 contains general definitions and principles of construction and interpretation applicable throughout this chapter.\nSource: SL 2024, ch 198, § 94.","path":["TITLE 57A. UNIFORM COMMERCIAL CODE","CHAPTER 57A-12. CONTROLLABLE ELECTRONIC RECORDS"],"source_url":"https://sdlegislature.gov/Statutes/57A-12-102","current_through":"2026-08-31","vintage":"","retrieved_at":"2026-09-03T15:18:57Z","sha256":"3867218c60587f48ef7e268b8952da84d4882e967e9e5cda4f0a6ad7dd5efdb9","source_id":"us-sd","stale":true,"prev":"us-sd/sdcl-57a-12-101","next":"us-sd/sdcl-57a-12-103"},"notice":"GroundRules: Original legal text. Not legal advice."}