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the California Code
2014 California Code
Commercial Code - COM
DIVISION 9 - SECURED TRANSACTIONS
CHAPTER 3 - Perfection and Priority
9321.1
Universal Citation:
CA Com Code § 9321.1 (2014)
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This media-neutral citation is based
on the American Association of Law Libraries Universal Citation Guide and is not
necessarily the official citation.
A licensee of nonexclusive rights in a motion picture that is produced pursuant to one or more collective bargaining agreements governed by the laws of the United States takes its nonexclusive license in such motion picture subject to any perfected security interest securing the obligation to pay residuals as set forth in the applicable collective bargaining agreement and arising from exploitation under such license. The terms “motion picture” and “residuals” have the meaning ascribed to such terms under the applicable collective bargaining agreements.
(Added by Stats. 2014, Ch. 118, Sec. 3. Effective January 1, 2015.)
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