reglab/housing_qa huggingface dataset:
CA Com Code § 8511 (2021)
2021 California Code|Commercial Code - COM|DIVISION 8 - INVESTMENT SECURITIES|CHAPTER 5 - Security Entitlements|Section 8511.

8511.  (a) Except as otherwise provided in subdivisions (b) and (c), if a securities intermediary does not have sufficient interests in a particular financial asset to satisfy both its obligations to entitlement holders who have security entitlements to that financial asset and its obligation to a creditor of the securities intermediary who has a security interest in that financial asset, the claims of entitlement holders, other than the creditor, have priority over the claim of the creditor.(b) A claim of a creditor of a securities intermediary who has a security interest in a financial asset held by a securities intermediary has priority over claims of the securities intermediary’s entitlement holders who have security entitlements with respect to that financial asset if the creditor has control over the financial asset.(c) If a clearing corporation does not have sufficient financial assets to satisfy both its obligations to entitlement holders who have security entitlements with respect to a financial asset and its obligation to a creditor of the clearing corporation who has a security interest in that financial asset, the claim of the creditor has priority over the claims of entitlement holders.(Added by Stats. 1996, Ch. 497, Sec. 9. Effective January 1, 1997.)
CA Com Code § 8601 (2021)
2021 California Code|Commercial Code - COM|DIVISION 8 - INVESTMENT SECURITIES|CHAPTER 6 - Transition Provisions|Section 8601.

8601.  This division becomes operative January 1, 1997.(Added by Stats. 1996, Ch. 497, Sec. 9. Effective January 1, 1997.)
CA Com Code § 8603 (2021)
2021 California Code|Commercial Code - COM|DIVISION 8 - INVESTMENT SECURITIES|CHAPTER 6 - Transition Provisions|Section 8603.

8603.  (a) This division does not affect an action or proceeding commenced before this division becomes operative.(b) If a security interest in a security is perfected at the date this division becomes operative, and the action by which the security interest was perfected would suffice to perfect a security interest under this division, no further action is required to continue perfection. If a security interest in a security is perfected at the date this division takes effect but the action by which the security interest was perfected would not suffice to perfect a security interest under this division, the security interest remains perfected for a period of four months after the operative date and continues perfected thereafter if appropriate action to perfect under this division is taken within that period. If a security interest is perfected at the date this division becomes operative and the security interest can be perfected by filing under Division 9 (commencing with Section 9101), a financing statement signed by the secured party instead of the debtor may be filed within that period to continue perfection or thereafter to perfect and that financing statement shall contain a statement that it is being filed pursuant to this section.(Amended by Stats. 1999, Ch. 991, Sec. 33.5. Effective January 1, 2000. Operative July 1, 2001, by Sec. 75 of Ch. 991.)
CA Com Code § 9101 (2021)
2021 California Code|Commercial Code - COM|DIVISION 9 - SECURED TRANSACTIONS|CHAPTER 1 - General Provisions|Section 9101.

9101.  This division may be cited as the Uniform Commercial Code-Secured Transactions.(Repealed and 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.)
CA Com Code § 9104 (2021)
2021 California Code|Commercial Code - COM|DIVISION 9 - SECURED TRANSACTIONS|CHAPTER 1 - General Provisions|Section 9104.

9104.  (a) A secured party has control of a deposit account if any of the following conditions is satisfied:(1) The secured party is the bank with which the deposit account is maintained.(2) The debtor, secured party, and bank have agreed in an authenticated record that the bank will comply with instructions originated by the secured party directing disposition of the funds in the deposit account without further consent by the debtor.(3) The secured party becomes the bank’s customer with respect to the deposit account.(b) A secured party that has satisfied subdivision (a) has control, even if the debtor retains the right to direct the disposition of funds from the deposit account.(Amended (as to be added by Stats. 1999, Ch. 991) by Stats. 2000, Ch. 1003, Sec. 7. Effective January 1, 2001. Addition and amendment operative July 1, 2001, by Stats. 1999, Ch. 991, Sec. 75, and Stats. 2000, Ch. 1003, Sec. 56.)
CA Com Code § 9105 (2021)
2021 California Code|Commercial Code - COM|DIVISION 9 - SECURED TRANSACTIONS|CHAPTER 1 - General Provisions|Section 9105.

9105.  (a) A secured party has control of electronic chattel paper if a system employed for evidencing the transfer of interests in the chattel paper reliably establishes the secured party as the person to which the chattel paper was assigned.(b) A system satisfies subdivision (a) if the record or records comprising the chattel paper are created, stored, and assigned in such a manner that each of the following conditions is satisfied:(1) A single authoritative copy of the record or records exists which is unique, identifiable, and, except as otherwise provided in paragraphs (4), (5), and (6), unalterable.(2) The authoritative copy identifies the secured party as the assignee of the record or records.(3) The authoritative copy is communicated to and maintained by the secured party or its designated custodian.(4) Copies or amendments that add or change an identified assignee of the authoritative copy can be made only with the consent of the secured party.(5) Each copy of the authoritative copy and any copy of a copy is readily identifiable as a copy that is not the authoritative copy.(6) Any amendment of the authoritative copy is readily identifiable as authorized or unauthorized.(Amended by Stats. 2013, Ch. 531, Sec. 8. (AB 502) Effective January 1, 2014. Operative July 1, 2014, by Sec. 28 of Ch. 531.)
CA Com Code § 9106 (2021)
2021 California Code|Commercial Code - COM|DIVISION 9 - SECURED TRANSACTIONS|CHAPTER 1 - General Provisions|Section 9106.

9106.  (a) A person has control of a certificated security, uncertificated security, or security entitlement as provided in Section 8106.(b) A secured party has control of a commodity contract if either of the following conditions is satisfied:(1) The secured party is the commodity intermediary with which the commodity contract is carried.(2) The commodity customer, secured party, and commodity intermediary have agreed that the commodity intermediary will apply any value distributed on account of the commodity contract as directed by the secured party without further consent by the commodity customer.(c) A secured party having control of all security entitlements or commodity contracts carried in a securities account or commodity account has control over the securities account or commodity account.(Repealed and 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.)
CA Com Code § 9107 (2021)
2021 California Code|Commercial Code - COM|DIVISION 9 - SECURED TRANSACTIONS|CHAPTER 1 - General Provisions|Section 9107.

9107.  A secured party has control of a letter-of-credit right to the extent of any right to payment or performance by the issuer or any nominated person if the issuer or nominated person has consented to an assignment of proceeds of the letter of credit under subdivision (c) of Section 5114 or otherwise applicable law or practice.(Repealed and 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.)
CA Com Code § 9108 (2021)
2021 California Code|Commercial Code - COM|DIVISION 9 - SECURED TRANSACTIONS|CHAPTER 1 - General Provisions|Section 9108.

9108.  (a) Except as otherwise provided in subdivisions (c), (d), and (e), a description of personal or real property is sufficient, whether or not it is specific, if it reasonably identifies what is described.(b) Except as otherwise provided in subdivision (d), a description of collateral reasonably identifies the collateral if it identifies the collateral by any of the following:(1) Specific listing.(2) Category.(3) Except as otherwise provided in subdivision (e), a type of collateral defined in this code.(4) Quantity.(5) Computational or allocational formula or procedure.(6) Except as otherwise provided in subdivision (c), any other method, if the identity of the collateral is objectively determinable.(c) A description of collateral as “all the debtor’s assets” or “all the debtor’s personal property” or using words of similar import does not reasonably identify the collateral.(d) Except as otherwise provided in subdivision (e), a description of a security entitlement, securities account, or commodity account is sufficient if it describes either of the following:(1) The collateral by those terms or as investment property.(2) The underlying financial asset or commodity contract.(e) A description only by type of collateral defined in this code is an insufficient description of either of the following:(1) A commercial tort claim.(2) In a consumer transaction, consumer goods, a security entitlement, a securities account, or a commodity account.(f) A description of investment property collateral also shall meet the applicable requirements of Section 1799.103 of the Civil Code. A description of consumer goods also shall meet the applicable requirements of Section 1799.100 of the Civil Code.(Repealed and 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.)
CA Com Code § 9110 (2021)
2021 California Code|Commercial Code - COM|DIVISION 9 - SECURED TRANSACTIONS|CHAPTER 1 - General Provisions|Section 9110.

9110.  A security interest arising under Section 2401 or 2505, or under subdivision (3) of Section 2711, or subdivision (e) of Section 10508 is subject to this division. However, until the debtor obtains possession of the goods, all of the following apply:(1) The security interest is enforceable, even if paragraph (3) of subdivision (b) of Section 9203 has not been satisfied.(2) Filing is not required to perfect the security interest.(3) The rights of the secured party after default by the debtor are governed by Division 2 (commencing with Section 2101) or Division 10 (commencing with Section 10101).(4) The security interest has priority over a conflicting security interest created by the debtor.(Repealed and 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.)
CA Com Code § 9202 (2021)
2021 California Code|Commercial Code - COM|DIVISION 9 - SECURED TRANSACTIONS|CHAPTER 2 - Effectiveness of Security Agreement: Attachment of Security Interest: Rights of Parties to Security Agreement|Section 9202.

9202.  Except as otherwise provided with respect to consignments or sales of accounts, chattel paper, payment intangibles, or promissory notes, the provisions of this article with regard to rights and obligations apply whether title to collateral is in the secured party or the debtor.(Repealed and 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.)
CA Com Code § 9204 (2021)
2021 California Code|Commercial Code - COM|DIVISION 9 - SECURED TRANSACTIONS|CHAPTER 2 - Effectiveness of Security Agreement: Attachment of Security Interest: Rights of Parties to Security Agreement|Section 9204.

9204.  (a) Except as otherwise provided in subdivision (b), a security agreement may create or provide for a security interest in after-acquired collateral.(b) A security interest does not attach under a term constituting an after-acquired property clause to either of the following:(1) Consumer goods, other than an accession when given as additional security, unless the debtor acquires rights in them within 10 days after the secured party gives value.(2) A commercial tort claim.(c) A security agreement may provide that collateral secures, or that accounts, chattel paper, payment intangibles, or promissory notes are sold in connection with, future advances or other value, whether or not the advances or value are given pursuant to commitment.(Repealed and 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.)
CA Com Code § 9205 (2021)
2021 California Code|Commercial Code - COM|DIVISION 9 - SECURED TRANSACTIONS|CHAPTER 2 - Effectiveness of Security Agreement: Attachment of Security Interest: Rights of Parties to Security Agreement|Section 9205.

9205.  (a) A security interest is not invalid or fraudulent against creditors solely because either of the following applies:(1) The debtor has the right or ability to do any of the following:(A) Use, commingle, or dispose of all or part of the collateral, including returned or repossessed goods.(B) Collect, compromise, enforce, or otherwise deal with collateral.(C) Accept the return of collateral or make repossessions.(D) Use, commingle, or dispose of proceeds.(2) The secured party fails to require the debtor to account for proceeds or replace collateral.(b) This section does not relax the requirements of possession if attachment, perfection, or enforcement of a security interest depends upon possession of the collateral by the secured party.(Amended (as to be added by Stats. 1999, Ch. 991) by Stats. 2000, Ch. 1003, Sec. 8. Effective January 1, 2001. Addition and amendment operative July 1, 2001, by Stats. 1999, Ch. 991, Sec. 75, and Stats. 2000, Ch. 1003, Sec. 56.)
CA Com Code § 9206 (2021)
2021 California Code|Commercial Code - COM|DIVISION 9 - SECURED TRANSACTIONS|CHAPTER 2 - Effectiveness of Security Agreement: Attachment of Security Interest: Rights of Parties to Security Agreement|Section 9206.

9206.  (a) A security interest in favor of a securities intermediary attaches to a person’s security entitlement if both of the following conditions are satisfied:(1) The person buys a financial asset through the securities intermediary in a transaction in which the person is obligated to pay the purchase price to the securities intermediary at the time of the purchase.(2) The securities intermediary credits the financial asset to the buyer’s securities account before the buyer pays the securities intermediary.(b) The security interest described in subdivision (a) secures the person’s obligation to pay for the financial asset.(c) A security interest in favor of a person that delivers a certificated security or other financial asset represented by a writing attaches to the security or other financial asset if both of the following conditions are satisfied:(1) The security or other financial asset satisfies both of the following:(A) In the ordinary course of business it is transferred by delivery with any necessary endorsement or assignment.(B) It is delivered under an agreement between persons in the business of dealing with those securities or financial assets.(2) The agreement calls for delivery against payment.(d) The security interest described in subdivision (c) secures the obligation to make payment for the delivery.(Repealed and 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.)
CA Com Code § 9207 (2021)
2021 California Code|Commercial Code - COM|DIVISION 9 - SECURED TRANSACTIONS|CHAPTER 2 - Effectiveness of Security Agreement: Attachment of Security Interest: Rights of Parties to Security Agreement|Section 9207.

9207.  (a) Except as otherwise provided in subdivision (d), a secured party shall use reasonable care in the custody and preservation of collateral in the secured party’s possession. In the case of chattel paper or an instrument, reasonable care includes taking necessary steps to preserve rights against prior parties unless otherwise agreed.(b) Except as otherwise provided in subdivision (d), if a secured party has possession of collateral, all of the following apply:(1) Reasonable expenses, including the cost of insurance and payment of taxes or other charges, incurred in the custody, preservation, use, or operation of the collateral are chargeable to the debtor and are secured by the collateral.(2) The risk of accidental loss or damage is on the debtor to the extent of a deficiency in any effective insurance coverage.(3) The secured party shall keep the collateral identifiable, but fungible collateral may be commingled.(4) The secured party may use or operate the collateral for any of the following purposes:(A) For the purpose of preserving the collateral or its value.(B) As permitted by an order of a court having competent jurisdiction.(C) Except in the case of consumer goods, in the manner and to the extent agreed by the debtor.(c) Except as otherwise provided in subdivision (d), a secured party having possession of collateral or control of collateral under Section 7106, 9104, 9105, 9106, or 9107 may or shall, as the case may be, do all of the following:(1) May hold as additional security any proceeds, except money or funds, received from the collateral.(2) Shall apply money or funds received from the collateral to reduce the secured obligation, unless remitted to the debtor.(3) May create a security interest in the collateral.(d) If the secured party is a buyer of accounts, chattel paper, payment intangibles, or promissory notes or a consignor, both of the following apply:(1) Subdivision (a) does not apply unless the secured party is entitled under an agreement to either of the following:(A) To charge back uncollected collateral.(B) Otherwise to full or limited recourse against the debtor or a secondary obligor based on the nonpayment or other default of an account debtor or other obligor on the collateral.(2) Subdivisions (b) and (c) do not apply.(Amended by Stats. 2006, Ch. 254, Sec. 54. Effective January 1, 2007.)
CA Com Code § 9209 (2021)
2021 California Code|Commercial Code - COM|DIVISION 9 - SECURED TRANSACTIONS|CHAPTER 2 - Effectiveness of Security Agreement: Attachment of Security Interest: Rights of Parties to Security Agreement|Section 9209.

9209.  (a) Except as otherwise provided in subdivision (c), this section applies if both of the following conditions are satisfied:(1) There is no outstanding secured obligation.(2) The secured party is not committed to make advances, incur obligations, or otherwise give value.(b) Within 10 days after receiving an authenticated demand by the debtor, a secured party shall send to an account debtor that has received notification of an assignment to the secured party as assignee under subdivision (a) of Section 9406 an authenticated record that releases the account debtor from any further obligation to the secured party.(c) This section does not apply to an assignment constituting the sale of an account, chattel paper, or payment intangible.(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.)
CA Com Code § 9301 (2021)
2021 California Code|Commercial Code - COM|DIVISION 9 - SECURED TRANSACTIONS|CHAPTER 3 - Perfection and Priority|Section 9301.

9301.  Except as otherwise provided in Sections 9303 to 9306, inclusive, the following rules determine the law governing perfection, the effect of perfection or nonperfection, and the priority of a security interest in collateral:(1) Except as otherwise provided in this section, while a debtor is located in a jurisdiction, the local law of that jurisdiction governs perfection, the effect of perfection or nonperfection, and the priority of a security interest in collateral.(2) While collateral is located in a jurisdiction, the local law of that jurisdiction governs perfection, the effect of perfection or nonperfection, and the priority of a possessory security interest in that collateral.(3) Except as otherwise provided in paragraph (4), while negotiable tangible documents, goods, instruments, money, or tangible chattel paper is located in a jurisdiction, the local law of that jurisdiction governs all of the following:(A) Perfection of a security interest in the goods by filing a fixture filing.(B) Perfection of a security interest in timber to be cut.(C) The effect of perfection or nonperfection and the priority of a nonpossessory security interest in the collateral.(4) The local law of the jurisdiction in which the wellhead or minehead is located governs perfection, the effect of perfection or nonperfection, and the priority of a security interest in as-extracted collateral.(Amended by Stats. 2006, Ch. 254, Sec. 56. Effective January 1, 2007.)
CA Com Code § 9302 (2021)
2021 California Code|Commercial Code - COM|DIVISION 9 - SECURED TRANSACTIONS|CHAPTER 3 - Perfection and Priority|Section 9302.

9302.  While farm products are located in a jurisdiction, the local law of that jurisdiction governs perfection, the effect of perfection or nonperfection, and the priority of an agricultural lien on the farm products.(Repealed and 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.)
CA Com Code § 9303 (2021)
2021 California Code|Commercial Code - COM|DIVISION 9 - SECURED TRANSACTIONS|CHAPTER 3 - Perfection and Priority|Section 9303.

9303.  (a) This section applies to goods covered by a certificate of title, even if there is no other relationship between the jurisdiction under whose certificate of title the goods are covered and the goods or the debtor.(b) Goods become covered by a certificate of title when a valid application for the certificate of title and the applicable fee are delivered to the appropriate authority. Goods cease to be covered by a certificate of title at the earlier of the time the certificate of title ceases to be effective under the law of the issuing jurisdiction or the time the goods become covered subsequently by a certificate of title issued by another jurisdiction.(c) The local law of the jurisdiction under whose certificate of title the goods are covered governs perfection, the effect of perfection or nonperfection, and the priority of a security interest in goods covered by a certificate of title from the time the goods become covered by the certificate of title until the goods cease to be covered by the certificate of title.(Repealed and 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.)