California Commercial Code

§ 9305

COM § 9305 Effective Jan 1, 2024Div. 9 · Ch. 3

Statute text

(a)Except as otherwise provided in subdivision (c), the following rules apply:

(1)While a security certificate is located in a jurisdiction, the local law of that jurisdiction governs perfection, the effect of perfection or nonperfection, and the priority of a security interest in the certificated security represented thereby.

(2)The local law of the issuer’s jurisdiction as specified in subdivision (d) of Section 8110 governs perfection, the effect of perfection or nonperfection, and the priority of a security interest in an uncertificated security.

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Legislative history

Amended by Stats. 2023, Ch. 210, Sec. 38. (SB 95) Effective January 1, 2024.