Cal. Com. Code § 9709

Current through the 2024 Legislative Session.
Section 9709 - Priority
(a) This division determines priority of conflicting claims to collateral. However, if the relative priorities of the claims were established before July 1, 2001, former Division 9 (commencing with Section 9101) determines priority.
(b) For purposes of subdivision (a) of Section 9322, the priority of a security interest that becomes enforceable under Section 9203 dates from July 1, 2001, if the security interest is perfected under this division by the filing of a financing statement before July 1, 2001, which would not have been effective to perfect the security interest under former Division 9 (commencing with Section 9101). This subdivision does not apply to conflicting security interests each of which is perfected by the filing of such a financing statement.

Ca. Com. Code § 9709

Renumbered from 9708 and amended by Stats 2000 ch 1003 (SB 2002), s 52, eff. 1/1/01, operative 7/1/01.
Added October 10, 1999 (Bill Number: SB 45) (Chapter 991).