Colorado § 4-12-102 - Definitions.
Full text of Colorado Colorado Revised Statutes § 4-12-102 — Definitions., with citation guidance and answers to common questions.
§ 4-12-102. Definitions.
(a) In this article 12:
(1) "Controllable electronic record" means a record stored in an electronic medium that can be subjected to control under section 4-12-105. 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 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 section 201 (a)(1) of the federal "Electronic Signatures in Global and National Commerce Act", 15 U.S.C. sec. 7021 (a)(1), as amended.
(4) "Value" has the meaning provided in section 4-3-303 (a), as if references in that subsection (a) to an "instrument" were references to a controllable account, controllable electronic record, or controllable payment intangible.
(b) The definitions in article 9 of this title 4 of "account debtor", "controllable account", "controllable payment intangible", "chattel paper", "deposit account", and "investment property" apply to this article 12.
(c) Article 1 of this title 4 contains general definitions and principles of construction and interpretation applicable throughout this article 12.
Source: L. 2023: Entire section added, (SB 23-090), ch. 136, p. 569, § 89, effective August 7.
Frequently Asked Questions About Colorado § 4-12-102
What does Colorado Revised Statutes § 4-12-102 cover?
Section 4-12-102 ("Definitions.") is part of the Colorado Revised Statutes, the codified statutory law of Colorado. It sets out the legal rule or procedure described in the text above. Statutes are amended regularly, so always verify against the official source.
How do I cite Colorado § 4-12-102?
A common citation format is "Colorado Revised Statutes § 4-12-102" (Colorado). Legal writing may require the code abbreviation, section number, and year or edition. Match the style required by your court, professor, or publisher.
Is this the official text of Colorado law?
No. This page is for research and education and may not include the most recent amendments. For official current law, check the Colorado official source linked on this page or consult a licensed Colorado attorney.
How does Colorado § 4-12-102 apply to my situation?
Statutes are interpreted in context, and application depends on your specific facts. Only a licensed attorney in Colorado can advise on how this section applies to you. Contact your state or local bar association for a referral.
Sources & Verification
Not legal advice. Verify against the official source and consult a licensed attorney in Colorado.