The transferee of a security interest in a registered vehicle need not make application for a transfer of registration when the interest of such transferee arises from a transfer of a security agreement or a lease agreement by the legal owner to the transferee to secure payment or performance of an obligation, and the Uniform Commercial Code shall exclusively control the validity and perfection of such a security interest.
Cal. Veh. Code § 5908
Notice and Application
Applied in 2 court decisions — leading case 25 Cal. App. 3d 91 - Western Board of Adjusters, Inc. v. Newport Motor Yachts, Inc. (1972)
Most recently applied in AAA Autobody, Inc. v. Talkington (July 1983)
Amended by Stats. 1963, Ch. 819.
Official source: California Legislative Information. Reproduced from public-domain California statutes; confirm against the official source for the current text. Not legal advice.