(1) In this article:
(a) 1. "Controllable electronic record" means a record stored in an electronic medium that can be subjected to control under KRS 355.12-105.
2. The term does not include:
a. A controllable account;
b. A controllable payment intangible;
c. A deposit account;
d. An electronic copy of a record evidencing chattel paper;
e. An electronic document of title;
f. Electronic money;
g. Investment property; or h. A transferable record;
(b) "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;
(c) "Transferable record" has the meaning provided for that term in:
1. The Electronic Signatures in Global and National Commerce Act, 15 U.S.C. sec. 7021, as amended; or 2. The Uniform Electronic Transactions Act, KRS 369.116; and (d) "Value" has the meaning provided in KRS 355.3-303(1), as if references in that subsection to an "instrument" were references to a controllable account, controllable electronic record, or controllable payment intangible.
(2) The following definitions in Article 9 of this chapter apply to this article:
(a) "Account debtor";
(b) "Chattel paper";
(c) "Controllable account";
(d) "Controllable payment intangible";
(e) "Deposit account";
(f) "Electronic money"; and (g) "Investment property." (3) Article 1 of this chapter contains general definitions and principles of construction and interpretation applicable throughout this article.