New Mexico Statutes Chapter 55. Uniform Commercial Code § 55-12-102. Definitions

(1) “controllable electronic record” means a record stored in an electronic medium that can be subjected to control pursuant to Section 55-12-105 NMSA 1978. 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;

(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;

(3) “transferable record” has the meaning provided for that term in:

(4) “value” has the meaning provided in Subsection (a) of Section 55-3-303 NMSA 1978 as if references in that subsection to an “instrument” were references to a controllable account, controllable electronic record or controllable payment intangible.