California Commercial Code

§ 9205

COM § 9205 Effective Jan 1, 2001Div. 9 · Ch. 2

Statute text

View on leginfo.ca.gov

(a)A security interest is not invalid or fraudulent against creditors solely because either of the following applies:

(1)The debtor has the right or ability to do any of the following:

(A)Use, commingle, or dispose of all or part of the collateral, including returned or repossessed goods.

…

Legislative history

Amended (as to be added by Stats. 1999, Ch. 991) by Stats. 2000, Ch. 1003, Sec. 8. Effective January 1, 2001. Addition and amendment operative July 1, 2001, by Stats. 1999, Ch. 991, Sec. 75, and Stats. 2000, Ch. 1003, Sec. 56.