California Commercial Code

§ 9601

COM § 9601 Effective Jan 1, 2024Div. 9 · Ch. 6

Statute text

(a)After default, a secured party has the rights provided in this chapter and, except as otherwise provided in Section 9602, those rights provided by agreement of the parties. A secured party may do both of the following:

(1)Reduce a claim to judgment, foreclose, or otherwise enforce the claim, security interest, or agricultural lien by any available judicial procedure.

(2)If the collateral is documents, proceed either as to the documents or as to the goods they cover.

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Legislative history

Amended by Stats. 2023, Ch. 210, Sec. 61. (SB 95) Effective January 1, 2024.