Cal. COM § 9704
This is the official text of Cal. COM § 9704, part of California’s Commercial Code — california's version of the Uniform Commercial Code, governing sales, negotiable instruments, and secured transactions.
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Official statutory text
All of the following rules apply with respect to a security interest that is enforceable immediately before July 1, 2001, but which would be subordinate to the rights of a person that becomes a lien creditor at that time:
(1) It remains an enforceable security interest until July 1, 2002.
(2) It remains enforceable thereafter if the security interest becomes enforceable under Section 9203 on July 1, 2001, or on July 1, 2002.
(3) It becomes perfected in either of the following ways:
(A) Without further action, on July 1, 2001, if the applicable requirements for perfection under this division are satisfied on or before that time.
(B) When the applicable requirements for perfection are satisfied if the requirements are satisfied after that time.
(1) It remains an enforceable security interest until July 1, 2002.
(2) It remains enforceable thereafter if the security interest becomes enforceable under Section 9203 on July 1, 2001, or on July 1, 2002.
(3) It becomes perfected in either of the following ways:
(A) Without further action, on July 1, 2001, if the applicable requirements for perfection under this division are satisfied on or before that time.
(B) When the applicable requirements for perfection are satisfied if the requirements are satisfied after that time.
Status: in_force · Read it on the official government site
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