DecisionDepot
California legal research

California Commercial Code

§ 9622

COM § 9622 Effective Jan 1, 2000Div. 9 · Ch. 6

Statute text

View on leginfo.ca.gov
(a)A secured party’s acceptance of collateral in full or partial satisfaction of the obligation it secures does all of the following:
(1)It discharges the obligation to the extent consented to by the debtor.
(2)It transfers to the secured party all of a debtor’s rights in the collateral.
…

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.

Source: California Commercial Code § 9622 from the California Legislative Information (public record). DecisionDepot is for informational use only and is not legal advice — verify against the official source before relying on this text.