1. (1) In this chapter:

   1. (a) "Adjustment date" means July 1, 2025, or the date that is one year after May 6, 2026, whichever is later.
   2. (b) "Article 12" means Chapter 12, Uniform Commercial Code - Controllable Electronic Records.
   3. (c) "Article 12 property" means a controllable account, controllable electronic record, or controllable payment intangible.

2. (2) The following definitions in other chapters of this title apply to this chapter:

   1. (a) "Controllable account," Section 70A-9a-102.
   2. (b) "Controllable electronic record," Section 70A-12-102.
   3. (c) "Controllable payment intangible," Section 70A-9a-102.
   4. (d) "Electronic money," Section 70A-9a-102.
   5. (e) "Financing statement," Section 70A-9a-102.
3. (3) Chapter 1a, Uniform Commercial Code - General Provisions, contains general definitions and principles of construction and interpretation applicable throughout this chapter.

Enacted by Chapter 322, 2026 General Session