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HomeCommercial CodeDiv. 9Ch. 3§ 9308 Security Interest Perfection

§ 9308 Security Interest Perfection

Commercial Code·California
AI Summary·Official Text·Key Terms·Related Statutes·References
AI SummaryVerified

§ 9308 Security Interest Perfection

Key Takeaways

  • •A security interest is perfected if it has attached and all the applicable requirements for perfection have been satisfied.
  • •An agricultural lien is perfected if it has become effective and all the applicable requirements for perfection have been satisfied.
  • •A security interest or agricultural lien is perfected continuously if it is originally perfected by one method and later perfected by another method, without an intermediate period when it was unperfected.
  • •Perfection of a security interest in collateral also perfects a security interest in a supporting obligation for the collateral.

Example

You take out a loan to buy a car, and the bank has a security interest in the car.

The bank's security interest in the car is perfected if they follow all the rules, like filing the right paperwork. This means they have a legal claim to the car if you don't pay back the loan.

AI-generated — May contain errors. Not legal advice. Always verify source.

Official Source
View on CA.gov

§ 9308 Security Interest Perfection

(a) Except as otherwise provided in this section and in Section 9309, a security interest is perfected if it has attached and all of the applicable requirements for perfection in Sections 9310 to 9316, inclusive, have been satisfied. A security interest is perfected when it attaches if the applicable requirements are satisfied before the security interest attaches. (b) An agricultural lien is perfected if it has become effective and all of the applicable requirements for perfection in Section 9310 have been satisfied. An agricultural lien is perfected when it becomes effective if the applicable requirements are satisfied before the agricultural lien becomes effective. (c) A security interest or agricultural lien is perfected continuously if it is originally perfected by one method under this division and is later perfected by another method under this division, without an intermediate period when it was unperfected. (d) Perfection of a security interest in collateral also perfects a security interest in a supporting obligation for the collateral. (e) Perfection of a security interest in a right to payment or performance also perfects a security interest in a security interest, mortgage, or other lien on personal or real property securing the right. (f) Perfection of a security interest in a securities account also perfects a security interest in the security entitlements carried in the securities account. (g) Perfection of a security interest in a commodity account also perfects a security interest in the commodity contracts carried in the 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.)

Last verified: January 23, 2026

Key Terms

security interestagricultural lienperfectedSections 9310 to 9316Section 9310

Related Statutes

  • § 9317 Priority Of Security Interests
  • § 17302 Continued Perfection Transition
  • § 9315 Security Interest In Proceeds
  • § 9320 Buyer Protection From Security Interests
  • § 9325 Security Interest Subordination

References

  • Official text at leginfo.legislature.ca.gov
  • California Legislature. Commercial Code. Section 9308.
View Official Source