California Commercial Code CHAPTER 4 - Rights of Third Parties

• Section 9401.
  (a) Except as otherwise provided in subdivision (b) and in Sections 9406, 9407, 9408, and 9409, whether a debtor’s rights in collateral may be voluntarily or...
• Section 9402.
  The existence of a security interest, agricultural lien, or authority given to a debtor to dispose of or use collateral, without more, does not subject...
• Section 9403.
  (a) In this section, “value” has the meaning provided in subdivision (a) of Section 3303.(b) Except as otherwise provided in this section, an agreement between an account...
• Section 9404.
  (a) Unless an account debtor has made an enforceable agreement not to assert defenses or claims, and subject to subdivisions (b) to (e), inclusive, the rights...
• Section 9405.
  (a) A modification of or substitution for an assigned contract is effective against an assignee if made in good faith. The assignee acquires corresponding rights under...
• Section 9406.
  (a) Subject to subdivisions (b) to (i), inclusive, an account debtor on an account, chattel paper, or a payment intangible may discharge its obligation by paying...
• Section 9407.
  (a) Except as otherwise provided in subdivision (b), a term in a lease agreement is ineffective to the extent that it does either of the following:(1) Prohibits,...
• Section 9408.
  (a) Except as otherwise provided in subdivision (b), a term in a promissory note or in an agreement between an account debtor and a debtor that...
• Section 9409.
  (a) A term in a letter of credit or a rule of law, statute, regulation, custom, or practice applicable to the letter of credit which prohibits,...

Last modified: October 22, 2018