California Commercial Code

§ 9203

COM § 9203 Effective Jan 1, 2024Div. 9 · Ch. 2

Statute text

(a)A security interest attaches to collateral when it becomes enforceable against the debtor with respect to the collateral, unless an agreement expressly postpones the time of attachment.

(b)Except as otherwise provided in subdivisions (c) to (i), inclusive, a security interest is enforceable against the debtor and third parties with respect to the collateral only if each of the following conditions is satisfied:

(1)Value has been given.

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Legislative history

Amended by Stats. 2023, Ch. 210, Sec. 30. (SB 95) Effective January 1, 2024.