DecisionDepot
California legal research

California Commercial Code

§ 3303

COM § 3303 Effective Jan 1, 1993Div. 3 · Ch. 3

Statute text

View on leginfo.ca.gov
(a)An instrument is issued or transferred for value if any of the following apply:
(1)The instrument is issued or transferred for a promise of performance, to the extent the promise has been performed.
(2)The transferee acquires a security interest or other lien in the instrument other than a lien obtained by judicial proceeding.
…

Legislative history

Repealed and added by Stats. 1992, Ch. 914, Sec. 6. Effective January 1, 1993.

Source: California Commercial Code § 3303 from the California Legislative Information (public record). DecisionDepot is for informational use only and is not legal advice — verify against the official source before relying on this text.