Vermont § 102 - § 12—102.
Full text of Vermont Vermont Statutes Online § 102 — § 12—102., with citation guidance and answers to common questions.
§ 102. § 12—102.
- Definitions (a) In this article: (1) “Controllable electronic record” means a record stored in an electronic medium that
can be subjected to control under section 12—105 of this title. 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: (A) in section 201(a)(1) of the Electronic Signatures in Global and National Commerce
Act, 15 U.S.C. § 7021(a)(1), as may be amended; or (B) as defined in 9 V.S.A. § 285. (4) “Value” has the meaning provided in subsection 3—303(a) of this title, as if references in that subsection 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 of “account debtor,” “controllable account,”
“controllable payment intangible,” “chattel paper,” “deposit account,” “electronic
money,” and “investment property” apply to this article. (Added 2025, No. 17, § 10, eff. July 1, 2025.)
Frequently Asked Questions About Vermont § 102
What does Vermont Statutes Online § 102 cover?
Section 102 ("§ 12—102.") is part of the Vermont Statutes Online, the codified statutory law of Vermont. 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 Vermont § 102?
A common citation format is "Vermont Statutes Online § 102" (Vermont). 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 Vermont law?
No. This page is for research and education and may not include the most recent amendments. For official current law, check the Vermont official source linked on this page or consult a licensed Vermont attorney.
How does Vermont § 102 apply to my situation?
Statutes are interpreted in context, and application depends on your specific facts. Only a licensed attorney in Vermont 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 Vermont.