California Commercial Code 9804 – A security interest that is an unperfected security interest …
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A security interest that is an unperfected security interest immediately before July 1, 2014, becomes a perfected security interest as follows:
(a) Without further action, on July 1, 2014, if the applicable requirements for perfection under this division as amended by this act are satisfied before or at that time.
Terms Used In California Commercial Code 9804
- Security interest: includes any interest of a consignor and a buyer of accounts, chattel paper, a payment intangible, or a promissory note in a transaction that is subject to Division 9 (commencing with Section 9101). See California Commercial Code 1201
(b) When the applicable requirements for perfection are satisfied if the requirements are satisfied after that time.
(Added by Stats. 2013, Ch. 531, Sec. 23. (AB 502) Effective January 1, 2014. Operative July 1, 2014, by Sec. 28 of Ch. 531.)