California Commercial Code

§ 12107

COM § 12107 Effective Jan 1, 2024Div. 12

Statute text

(a)Except as provided in subdivision (b), the local law of a controllable electronic record’s jurisdiction governs a matter covered by this division.

(b)For a controllable electronic record that evidences a controllable account or controllable payment intangible, the local law of the controllable electronic record’s jurisdiction governs a matter covered by Section 12106 unless an effective agreement determines that the local law of another jurisdiction governs.

(c)The following rules determine a controllable electronic record’s jurisdiction under this section:

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Legislative history

Added by Stats. 2023, Ch. 210, Sec. 90. (SB 95) Effective January 1, 2024.