California Commercial Code 9901 – (a) The changes to this division made by the act adding this …
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(a) The changes to this division made by the act adding this chapter become operative on January 1, 2015.
(b) This chapter applies to a security interest only to the extent that, with respect to such security interest, both of the following apply:
Terms Used In California Commercial Code 9901
- 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
(1) A debtor is an individual.
(2) A financing statement filed before January 1, 2015, provides the name of an individual as a debtor.
(c) If a security interest is within the scope of Chapter 8 (commencing with Section 9801), that chapter continues to apply. To the extent there is a conflict between Chapter 8 (commencing with Section 9801) and this chapter, this chapter governs.
(Added by Stats. 2014, Ch. 284, Sec. 2. (AB 1858) Effective January 1, 2015.)