§ 17305. — 17305. (Added by Stats. 2023, Ch. 210, Sec. 91.)

California § 17305.

• Jurisdiction: California
• Code COM: Commercial Code - COM
• Div. 17.: DIVISION 17. EFFECTIVE DATE AND TRANSITION PROVISIONS
• Ch. 3.: CHAPTER 3. Transitional Provisions for Divisions 9 and 12

Text

(a)
Subject to subdivisions (b) and (c), the act adding this division determines the priority of conflicting claims to collateral.
(b)
Subject to subdivision (c), if the priorities of claims to collateral were established before the effective date of the act adding this division, Division 9 (commencing with Section 9101) as in effect before the effective date of the act adding this division determines priority.
(c)
On the adjustment date, to the extent the priorities determined by Division 9 (commencing with Section 9101), as amended by the act adding this division, modify the priorities established before
the effective date of the act adding this division, the priorities of
claims to Division 12 property and electronic money established before the effective date of the act adding this division cease to apply.

Legislative History

Added by Stats. 2023, Ch. 210, Sec. 91. (SB 95) Effective January 1, 2024.