California Commercial Code
§ 9617
COM § 9617 Effective Jan 1, 2000Div. 9 · Ch. 6
Statute text
View on leginfo.ca.gov(a)A secured party’s disposition of collateral after default does all of the following:
(1)Transfers to a transferee for value all of the debtor’s rights in the collateral.
(2)Discharges the security interest under which the disposition is made.
…
Legislative history
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.