California Commercial Code

§ 9309

COM § 9309 Effective Jan 1, 2004Div. 9 · Ch. 3

Statute text

The following security interests are perfected when they attach:

(1)A purchase money security interest in consumer goods, except as otherwise provided in subdivision (b) of Section 9311 with respect to consumer goods that are subject to a statute or treaty described in subdivision (a) of Section 9311.

(2)An assignment of accounts or payment intangibles which does not by itself or in conjunction with other assignments to the same assignee transfer a significant part of the assignor’s outstanding accounts or payment intangibles.

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Legislative history

Amended by Stats. 2003, Ch. 235, Sec. 3. Effective January 1, 2004.