California Commercial Code

§ 6103

COM § 6103 Effective Jan 1, 2000Div. 6

Statute text

(a)Except as otherwise provided in subdivision (c), this division applies to a bulk sale if both of the following are satisfied:

(1)The seller’s principal business is the sale of inventory from stock, including those who manufacture what they sell, or that of a restaurant owner.

(2)On the date of the bulk-sale agreement the seller is located in this state or, if the seller is located in a jurisdiction that is not a part of the United States, the seller’s major executive office in the United States is in this state.

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Legislative history

Amended by Stats. 1999, Ch. 991, Sec. 31. Effective January 1, 2000. Operative July 1, 2001, by Sec. 75 of Ch. 991.