California Commercial Code

§ 9627

COM § 9627 Effective Jan 1, 2000Div. 9 · Ch. 6

Statute text

(a)The fact that a greater amount could have been obtained by a collection, enforcement, disposition, or acceptance at a different time or in a different method from that selected by the secured party is not of itself sufficient to preclude the secured party from establishing that the collection, enforcement, disposition, or acceptance was made in a commercially reasonable manner.

(b)A disposition of collateral is made in a commercially reasonable manner if the disposition satisfies any of the following conditions:

(1)It is made in the usual manner on any recognized market.

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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.