California Laws: Commercial Code Sections 9601-9629
- California Laws: Commercial Code Section 9601
(a) After default, a secured party has the rights provided in this chapter and, except as otherwise provided in Section 9602, those rights provided by...
- California Laws: Commercial Code Section 9602
Except as otherwise provided in Section 9624, to the extent that they give rights to a debtor or obligor and impose duties on a secured...
- California Laws: Commercial Code Section 9603
(a) The parties may determine by agreement the standards measuring the fulfillment of the rights of a debtor or obligor and the duties of a...
- California Laws: Commercial Code Section 9604
(a) If an obligation secured by a security interest in personal property or fixtures is also secured by an interest in real property or an...
- California Laws: Commercial Code Section 9605
A secured party does not owe a duty based on its status as secured party to either of the following persons: (1) To a person...
- California Laws: Commercial Code Section 9606
For purposes of this chapter, a default occurs in connection with an agricultural lien at the time the secured party becomes entitled to enforce the...
- California Laws: Commercial Code Section 9607
(a) If so agreed, and in any event after default, a secured party may do all of the following: (1) Notify an account debtor or...
- California Laws: Commercial Code Section 9608
(a) If a security interest or agricultural lien secures payment or performance of an obligation, the following rules apply: (1) A secured party shall apply...
- California Laws: Commercial Code Section 9609
(a) After default, a secured party may do both of the following: (1) Take possession of the collateral. (2) Without removal, render equipment unusable and...
- California Laws: Commercial Code Section 9610
(a) After default, a secured party may sell, lease, license, or otherwise dispose of any or all of the collateral in its present condition or...
- California Laws: Commercial Code Section 9611
(a) In this section, "notification date" means the earlier of the date on which: (1) A secured party sends to the debtor and any secondary...
- California Laws: Commercial Code Section 9612
(a) Except as otherwise provided in subdivision (b), whether a notification is sent within a reasonable time is a question of fact. (b) In a...
- California Laws: Commercial Code Section 9613
Except in a consumer-goods transaction, the following rules apply: (1) The contents of a notification of disposition are sufficient if the notification does all of...
- California Laws: Commercial Code Section 9614
In a consumer-goods transaction, the following rules apply: (1) A notification of disposition must provide all of the following information: (A) The information specified in...
- California Laws: Commercial Code Section 9615
(a) A secured party shall apply or pay over for application the cash proceeds of disposition under Section 9610 in the following order to each...
- California Laws: Commercial Code Section 9616
(a) In this section: (1) "Explanation" means a writing that contains all of the following: (A) States the amount of the surplus or deficiency. (B)...
- California Laws: Commercial Code Section 9617
(a) A secured party's disposition of collateral after default does all of the following: (1) Transfers to a transferee for value all of the debtor's...
- California Laws: Commercial Code Section 9618
(a) A secondary obligor acquires the rights and becomes obligated to perform the duties of the secured party after any of the following occurs: (1)...
- California Laws: Commercial Code Section 9619
(a) In this section, "transfer statement" means a record authenticated by a secured party stating all of the following: (1) That the debtor has defaulted...
- California Laws: Commercial Code Section 9620
(a) Except as otherwise provided in subdivision (g), a secured party may accept collateral in full or partial satisfaction of the obligation it secures only...
- California Laws: Commercial Code Section 9621
(a) A secured party that desires to accept collateral in full or partial satisfaction of the obligation it secures shall send its proposal to all...
- California Laws: Commercial Code Section 9622
(a) A secured party's acceptance of collateral in full or partial satisfaction of the obligation it secures does all of the following: (1) It discharges...
- California Laws: Commercial Code Section 9623
(a) A debtor, any secondary obligor, or any other secured party or lienholder may redeem collateral. (b) To redeem collateral, a person shall tender both...
- California Laws: Commercial Code Section 9624
(a) A debtor or secondary obligor may waive the right to notification of disposition of collateral under Section 9611 only by an agreement to that...
- California Laws: Commercial Code Section 9625
(a) If it is established that a secured party is not proceeding in accordance with this division, a court may order or restrain collection, enforcement,...
- California Laws: Commercial Code Section 9626
(a) In an action arising from a transaction, other than a consumer transaction, in which the amount of a deficiency or surplus is in issue,...
- California Laws: Commercial Code Section 9627
(a) The fact that a greater amount could have been obtained by a collection, enforcement, disposition, or acceptance at a different time or in a...
- California Laws: Commercial Code Section 9628
(a) Unless a secured party knows that a person is a debtor or obligor, knows the identity of the person, and knows how to communicate...
- California Laws: Commercial Code Section 9629
No renunciation or modification by the debtor of any of his or her rights under this chapter as to consumer goods shall be valid or...
