(1) As used in this part, the term: (a) “Central bank digital currency” has the same meaning as provided in s. 671.201. (b) “Controllable electronic record” means a record in an electronic medium, subject to control under s. 669.105. The term does not include a central bank digital currency, a controllable account, a controllable payment intangible, a deposit account, an electronic chattel paper, an electronic document of title, electronic money, investment property, or a transferable record. (c) “Qualifying purchaser” means a purchaser of a controllable electronic record or an interest in a controllable electronic record which 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. (d) “Transferable record” has the same meaning as provided in: 1. Section 201(a)(1) of the Electronic Signatures in Global and National Commerce Act, 15 U.S.C. s. 7021(a)(1); or 2. Section 668.50(16)(a). (e) “Value” has the meaning provided in s. 673.3031(1), as if references in that subsection to an “instrument” were references to a controllable account, controllable electronic record, or controllable payment intangible. A controllable electronic record is subject to control as specified in s. 669.105. (2) The definitions in s. 679.1021 for the terms “account debtor,” “chattel paper,” “controllable account,” “controllable payment intangible,” “deposit account,” “electronic money,” and “investment property” apply to this part. (3) Chapter 671 contains general definitions and principles of construction and interpretation applicable throughout this part.
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