California Commercial Code

§ 9604

COM § 9604 Effective Jan 1, 2000Div. 9 · Ch. 6

Statute text

(a)If an obligation secured by a security interest in personal property or fixtures is also secured by an interest in real property or an estate therein:

(1)The secured party may do any of the following:

(A)Proceed, in any sequence, (i) in accordance with the secured party’s rights and remedies in respect of real property as to the real property security, and (ii) in accordance with this chapter as to the personal property or fixtures.

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Legislative history

Added by Stats. 1999, Ch. 991, Sec. 35. Effective January 1, 2000. Operative July 1, 2001, by Sec. 75 of Ch. 991 and Section 9701.