California § 9106. 9106. (Repealed and added by Stats. 1999, Ch. 991, Sec. 35.)

California Statutes

§ 9106. — 9106. (Repealed and added by Stats. 1999, Ch. 991, Sec. 35.)

California § 9106.

Code COMCommercial Code - COM

Div. 9.DIVISION 9. SECURED TRANSACTIONS

Ch. 1.CHAPTER 1. General Provisions

This text of California § 9106. (9106. (Repealed and added by Stats. 1999, Ch. 991, Sec. 35.)) is published on Counsel Stack Legal Research, covering California primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.

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Cal. Commercial Code - COM Code § 9106. (2026).

Text

(a)A person has control of a certificated security, uncertificated security, or security entitlement as provided in Section 8106.

(b)A secured party has control of a commodity contract if either of the following conditions is satisfied:

(1)The secured party is the commodity intermediary with which the commodity contract is carried.

(2)The commodity customer, secured party, and commodity intermediary have agreed that the commodity intermediary will apply any value distributed on account of the commodity contract as directed by the secured party without further consent by the commodity customer.

(c)A secured party having control of all security entitlements or commodity contracts carried in a securities account or commodity account has control over the securities account or commodity ac

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(a)
A person has control of a certificated security, uncertificated security, or security entitlement as provided in Section 8106.
(b)
A secured party has control of a commodity contract if either of the following conditions is satisfied:
(1)
The secured party is the commodity intermediary with which the commodity contract is carried.
(2)
The commodity customer, secured party, and commodity intermediary have agreed that the commodity intermediary will apply any value distributed on account of the commodity contract as directed by the secured party without further consent by the commodity customer.
(c)
A secured party having control of all security entitlements or commodity contracts carried in a securities account or commodity account has control over the securities account or commodity account.

In Re: Cybernetic Services, Inc., D/B/A Silent Radio, Inc., Debtor. Petitioning Creditors Byron Z. Moldo, Chapter 7 Trustee of the Estate of Cybernetic Services, Inc., Dba Silent Radio, Inc. ("Moldo") v. Matsco, Inc., in Re: Cybernetic Services, Inc., D/B/A Silent Radio, Inc., Debtor. Byron Z. Moldo, Chapter 7 Trustee v. Matsco, Inc., and Matsco Financial Corporation, Petitioning Creditors

252 F.3d 1039 (Ninth Circuit, 2001)

91 case citations

In Re Coupon Clearing Service, Inc.

113 F.3d 1091 (Ninth Circuit, 1997)

52 case citations

In Re Ashkenazy Enterprises, Inc.

94 B.R. 645 (C.D. California, 1986)

27 case citations

In Re S.F. Drake Hotel Associates

131 B.R. 156 (N.D. California, 1991)

21 case citations