HRS §490:12-102
Key terms for electronic records and purchasers
Read the official text at capitol.hawaii.gov ↗This section defines important words used in this part of the law about electronic records. It explains what a controllable electronic record is and who a qualifying purchaser is. It also lists other definitions that come from different parts of the law.
buyerscreditorsdebtorsfinancial institutions
The statute, as written — Definitions
A copy, taken August 20, 2026. The version published by the Legislature is the one that governs, and it may have changed since. Check it before relying on anything here.
(a) In this article: "Controllable electronic record" means a record stored in an electronic medium that may be subjected to control under section 490:12-105. "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, electronic money, investment property, or a transferable record. "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. "Transferable record" has the same meaning as in: (1) Section 201(a)(1) of the Electronic Signatures in Global and National Commerce Act, title 15 United States Code section 7021(a)(1), as amended; or (2) Section 489E-16(a). "Value" has the same meaning as in section 490:3-303(a), as if references in that section to an "instrument" were references to a controllable account, controllable electronic record, or controllable payment intangible. (b) The following definitions in other articles of this chapter shall apply to this article: "Account debtor". Section 490:9-102. "Chattel paper". Section 490:9-102. "Controllable account". Section 490:9-102. "Controllable payment intangible". Section 490:9-102. "Deposit account". Section 490:9-102. "Electronic money". Section 490:9-102. "Investment property". Section 490:9-102. (c) Article 1 contains general definitions and principles of construction and interpretation applicable throughout this article.
Sections this one refers to
§489E-16 Rules for electronic records that act like paper documents
§490:3-303 When a check or note is given for value
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