California Statutes
§ 9314.1. — 9314.1. (Added by Stats. 2023, Ch. 210, Sec. 45.)
California·Code COM Commercial Code - COM·Div. 9. DIVISION 9. SECURED TRANSACTIONS·Ch. 3. CHAPTER 3. Perfection and Priority
(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.
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California § 9314.1. (9314.1. (Added by Stats. 2023, Ch. 210, Sec. 45.)) — published by Counsel Stack Legal Research, free access to 12M+ legal documents.
Legislative History
Added by Stats. 2023, Ch. 210, Sec. 45. (SB 95) Effective January 1, 2024.