California Commercial Code
§ 9209
COM § 9209 Effective Jan 1, 2024Div. 9 · Ch. 2
Statute text
View on leginfo.ca.gov(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.