There Is a Newer Version
of
the California Code
2012 California Codes
COM - Commercial Code
DIVISION 9 - SECURED TRANSACTIONS [9101 - 9709]
CHAPTER 3 - Perfection and Priority
Section 9321
Universal Citation:
CA Com Code § 9321 (through 2013 Leg Sess)
Learn more
This media-neutral citation is based
on the American Association of Law Libraries Universal Citation Guide and is not
necessarily the official citation.
(a) A lessee in ordinary course of business takes its leasehold interest free of a security interest in the goods created by the lessor, even if the security interest is perfected and the lessee knows of its existence.
(b) This section shall become operative on January 1, 2013.
(Amended (as amended by Stats. 2006, Ch. 567, Sec. 16) by Stats. 2009, Ch. 315, Sec. 2. Effective October 11, 2009. Section operative January 1, 2013, by its own provisions.)
Disclaimer: These codes may not be the most recent version. California may have more current or accurate information. We make no warranties or guarantees about the accuracy, completeness, or adequacy of the information contained on this site or the information linked to on the state site. Please check official sources.
