Home/California/Statutes/Code COM: Commercial Code - COM/Div. 9.: DIVISION 9. SECURED TRANSACTIONS/Ch. 3.: CHAPTER 3. Perfection and Priority/§ 9318.
California Statutes

§ 9318. — 9318. (Repealed and added by Stats. 1999, Ch. 991, Sec. 35.)

California § 9318.
JurisdictionCalifornia
Code COMCommercial Code - COM
Div. 9.DIVISION 9. SECURED TRANSACTIONS
Ch. 3.CHAPTER 3. Perfection and Priority

This text of California § 9318. (9318. (Repealed and added by Stats. 1999, Ch. 991, Sec. 35.))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.

Bluebook
Cal. Commercial Code - COM Code § 9318. (2026).

Text

(a)A debtor that has sold an account, chattel paper, payment intangible, or promissory note does not retain a legal or equitable interest in the collateral sold.
(b)For purposes of determining the rights of creditors of, and purchasers for value of an account or chattel paper from, a debtor that has sold an account or chattel paper, while the buyer’s security interest is unperfected, the debtor is deemed to have rights and title to the account or chattel paper identical to those the debtor sold.

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Legislative History

Repealed and added by Stats. 1999, Ch. 991, Sec. 35. Effective January 1, 2000. Operative July 1, 2001, by Sec. 75 of Ch. 991 and Section 9701.
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