California Commercial Code

§ 9106

COM § 9106 Effective Jan 1, 2000Div. 9 · Ch. 1

(a)A person has control of a certificated security, uncertificated security, or security entitlement as provided in Section 8106.

(b)A secured party has control of a commodity contract if either of the following conditions is satisfied:

(1)The secured party is the commodity intermediary with which the commodity contract is carried.

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Legislative history

Repealed and added by Stats. 1999, Ch. 991, Sec. 35. Effective January 1, 2000. Operative July 1, 2001, by Sec. 75 of Ch. 991 and Section 9701.