(1). For the purposes of this Article, unless the context otherwise indicates, the following terms have the following meanings. (a). "Adjustment date" means July 1, 2026. [PL 2023, c. 669, Pt. C, §1 (NEW); PL 2023, c. 669, Pt. E, §1 (AFF).] (b). "Article 12" means Article 12 of the Uniform Commercial Code. [PL 2023, c. 669, Pt. C, §1 (NEW); PL 2023, c. 669, Pt. E, §1 (AFF).] (c). "Article 12 property" means a controllable account, controllable electronic record or controllable payment intangible. [PL 2023, c. 669, Pt. C, §1 (NEW); PL 2023, c. 669, Pt. E, §1 (AFF).] [PL 2023, c. 669, Pt. C, §1 (NEW); PL 2023, c. 669, Pt. E, §1 (AFF).] (2). The following definitions in other Articles of the Uniform Commercial Code apply to this Article: (a). "Controllable account," section 9-1102; [PL 2023, c. 669, Pt. C, §1 (NEW); PL 2023, c. 669, Pt. E, §1 (AFF).] (b). "Controllable electronic record," section 12-102; [PL 2023, c. 669, Pt. C, §1 (NEW); PL 2023, c. 669, Pt. E, §1 (AFF).] (c). "Controllable payment intangible," section 9-1102; and [PL 2023, c. 669, Pt. C, §1 (NEW); PL 2023, c. 669, Pt. E, §1 (AFF).] (d). "Financing statement," section 9-1102. [PL 2023, c. 669, Pt. C, §1 (NEW); PL 2023, c. 669, Pt. E, §1 (AFF).] [PL 2023, c. 669, Pt. C, §1 (NEW); PL 2023, c. 669, Pt. E, §1 (AFF).] (3). Article 1-A contains general definitions and principles of construction and interpretation applicable throughout this Article. [PL 2023, c. 669, Pt. C, §1 (NEW); PL 2023, c. 669, Pt. E, §1 (AFF).]
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