California Commercial Code

§ 9209

Name: California Superior Court Tentative Rulings
Creator: DecisionDepot
License: https://creativecommons.org/licenses/by-nc/4.0/

COM § 9209 Effective Jan 1, 2024Div. 9 · Ch. 2

(a)Except as otherwise provided in subdivision (c), this section applies if both of the following conditions are satisfied:

(1)There is no outstanding secured obligation.

(2)The secured party is not committed to make advances, incur obligations, or otherwise give value.

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Legislative history

Amended by Stats. 2023, Ch. 210, Sec. 34. (SB 95) Effective January 1, 2024.