A security interest in a controllable account, controllable electronic record, or controllable payment intangible held by a secured party having control of the account, electronic record, or payment intangible has priority over a conflicting security interest held by a secured party that does not have control.
Cal. Com. Code § 9326.1
Perfection and Priority
Known as the Uniform Commercial Code
The act spans §§ 1101–12107 (623 sections).
Added by Stats. 2023, Ch. 210, Sec. 50
Official source: California Legislative Information. Reproduced from public-domain California statutes; confirm against the official source for the current text. Not legal advice.