Statute · California Commercial Code

Cal. Com. Code § 17303 — Transitional Provisions for Divisions 9 and 12

Cal. Com. Code § 17303

Type
Statute
Source
California Commercial Code
Jurisdiction
California
Date
2024-01-01
Current through
Nov 2, 2026 (California Legislative Counsel)

A security interest that is enforceable immediately before the effective date of the act adding this division but is unperfected at that time:

Citator

Cal. Com. Code § 17303 — Transitional Provisions for Divisions 9 and 12 is in force in the current edition of the Code, and nothing recorded condemns it.

A security interest that is enforceable immediately before the effective date of the act adding this division but is unperfected at that time:

(a) remains an enforceable security interest until the adjustment date;

(b) remains enforceable thereafter if the security interest becomes enforceable under Section 9203, as amended by the act adding this division, on the effective date of the act adding this division or before the adjustment date; and

(c) becomes perfected:

(1) without further action, on the effective date of the act adding this division if the requirements for perfection under the act adding this division are satisfied before or at that time; or

(2) when the requirements for perfection are satisfied if the requirements are satisfied after that time.