Indiana Code Title 26. Commercial Law § 26-1-12-102

(1) “Controllable electronic record” means a record stored in an electronic medium that can be subjected to control under section 105 of this chapter.  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, investment property, a transferable record, or an electronic record that is currently authorized or adopted by a domestic or foreign government and is not a medium of exchange that was recorded and transferable in a system that existed and operated for the medium of exchange before the medium of exchange was authorized or adopted by a government.

(2) “Qualifying purchaser” means a purchaser:

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.

(3) “Transferable record” has the meaning set forth in:

(4) “Value” has the meaning set forth in IC 26-1-3.1-303(a), as if references in IC 26-1-3.1-303(a) to an “instrument” were references to a controllable account, a controllable electronic record, or a controllable payment intangible.