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2013 California Code
Commercial Code - COM
DIVISION 9. SECURED TRANSACTIONS
CHAPTER 3. Perfection and Priority
9321
Universal Citation:
CA Com Code § 9321 (2013)
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(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, 2015.
(Amended (as amended by Stats. 2009, Ch. 315, Sec. 2) by Stats. 2013, Ch. 54, Sec. 2. Effective July 3, 2013. Amending action operative as of January 1, 2013, by Sec. 4 of Ch. 54. Section, as amended, operative January 1, 2015, by its own provisions.)
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