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California Commercial Code

§ 6103

COM § 6103 Effective Jan 1, 2000Div. 6
(a)Except as otherwise provided in subdivision (c), this division applies to a bulk sale if both of the following are satisfied:
(1)The seller’s principal business is the sale of inventory from stock, including those who manufacture what they sell, or that of a restaurant owner.
(2)On the date of the bulk-sale agreement the seller is located in this state or, if the seller is located in a jurisdiction that is not a part of the United States, the seller’s major executive office in the United States is in this state.

Legislative history

Amended by Stats. 1999, Ch. 991, Sec. 31. Effective January 1, 2000. Operative July 1, 2001, by Sec. 75 of Ch. 991.

Source: California Commercial Code § 6103 from the California Legislative Information (public record). DecisionDepot is for informational use only and is not legal advice — verify against the official source before relying on this text.