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Cal. Com. Code § 9321

Perfection and Priority

Showing this section's text as in effect on January 1, 2013 (in force January 1, 2013 – January 1, 2015). View current text →

(a) A lessee in ordinary course of business takes its leasehold interest free of a security interest in the goods created by the lessor, even if the security interest is perfected and the lessee knows of its existence.

(b) This section shall become operative on January 1, 2015.

Official source: California Legislative Information. Reproduced from public-domain California statutes; confirm against the official source for the current text. Not legal advice.