Cal. Commercial Code § 9314.1
Cal. Commercial Code § 9314.1
California · California Commercial Code · Status: effective · Effective 2024-01-01
Cite this
- Citation
- Cal. Commercial Code § 9314.1, California, version 1 as recorded 2026-07-25, yourstate.us, https://yourstate.us/provision/790650
- Permanent ID
ys:prov:790650@1- SHA-256
29719a3e66fe36dc2734cc1389f77297f70915946fb52470aed15f525879ed4d
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) A secured party may perfect a security interest in chattel paper by taking possession of each authoritative tangible copy of the record evidencing the chattel paper and obtaining control of each authoritative electronic copy of the electronic record evidencing the chattel paper.
(b) A security interest is perfected under subdivision (a) not earlier than the time the secured party takes possession and obtains control and remains perfected under subdivision (a) only while the secured party retains possession and control.
(c) Subdivisions (c) and (f) to (i), inclusive, of Section 9313 apply to perfection by possession of an authoritative tangible copy of a record evidencing chattel paper.