California Commercial Code

§ 9301

COM § 9301 Effective Jan 1, 2024Div. 9 · Ch. 3

Statute text

Except as otherwise provided in Sections 9303 to 9306.2, inclusive, the following rules determine the law governing perfection, the effect of perfection or nonperfection, and the priority of a security interest in collateral:

(1)Except as otherwise provided in this section, while a debtor is located in a jurisdiction, the local law of that jurisdiction governs perfection, the effect of perfection or nonperfection, and the priority of a security interest in collateral.

(2)While collateral is located in a jurisdiction, the local law of that jurisdiction governs perfection, the effect of perfection or nonperfection, and the priority of a possessory security interest in that collateral.

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Legislative history

Amended by Stats. 2023, Ch. 210, Sec. 36. (SB 95) Effective January 1, 2024.