Cal. Commercial Code § 9306
Cal. Commercial Code § 9306
California · California Commercial Code · Status: effective · Effective 2000-01-01
Cite this
- Citation
- Cal. Commercial Code § 9306, California, version 1 as recorded 2026-07-25, yourstate.us, https://yourstate.us/provision/790639
- Permanent ID
ys:prov:790639@1- SHA-256
cf0572fec20e1c342f58e7e0cd2140387f500780b0ddffeba46b2f6284f83cf3
The hash is SHA-256 of this version's text, with every run of whitespace collapsed to a single space and the ends trimmed. The ID always leads back here, and checking it says whether the text you cited is still the current version.
Full text
(a) Subject to subdivision (c), the local law of the issuer’s jurisdiction or a nominated person’s jurisdiction governs perfection, the effect of perfection or nonperfection, and the priority of a security interest in a letter-of-credit right if the issuer’s jurisdiction or nominated person’s jurisdiction is a state.
(b) For purposes of this chapter, an issuer’s jurisdiction or nominated person’s jurisdiction is the jurisdiction whose law governs the liability of the issuer or nominated person with respect to the letter-of-credit right as provided in Section 5116.
(c) This section does not apply to a security interest that is perfected only under subdivision (d) of Section 9308.