Maine Revised Statutes Title 11. Uniform Commercial Code § 12-102. Definitions

(a). “Controllable electronic record” means a record stored in an electronic medium that can be subjected to control under section 12-105. “Controllable electronic record” 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 a medium of exchange currently authorized or adopted by a domestic or foreign government and is not a medium of exchange that was recorded or transferable in a system that existed and operated for a medium of exchange before the medium of exchange was authorized or adopted by the government.

(b). “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.

(c). “Transferable record” has the same meaning as in:

(d). “Value” has the same meaning provided in section 3-1303, subsection (1), as if references in that subsection to an “instrument” were references to a controllable account, controllable electronic record or controllable payment intangible.