{"code":"COM","codeName":"Commercial Code","section":"9331","citation":"Com. Code, § 9331","status":"in-force","lawOn":"2026-09-28","headings":[{"name":"DIVISION 9. SECURED TRANSACTIONS [9101. - 9907.]","url":"https://blackletter.si/commercial-code/division-9"},{"name":"CHAPTER 3. Perfection and Priority [9301. - 9342.]","url":"https://blackletter.si/commercial-code/division-9/chapter-3"}],"history":"Amended by Stats. 2023, Ch. 210, Sec. 52.   (SB 95)   Effective January 1, 2024.","effective":"2024-01-01","html":"<p>(a) This division does not limit the rights of a holder in due course of a negotiable instrument, a holder to which a negotiable document of title has been duly negotiated, a protected purchaser of a security, or a qualifying purchaser of a controllable account, controllable electronic record, or controllable payment intangible. These holders or purchasers take priority over an earlier security interest, even if perfected, to the extent provided in Division 3 (commencing with Section <a href=\"/com/3101\">3101</a>), Division 7 (commencing with Section <a href=\"/com/7101\">7101</a>), Division 8 (commencing with Section <a href=\"/com/8101\">8101</a>), and Division 12 (commencing with Section <a href=\"/com/12101\">12101</a>).</p><p>(b) This division does not limit the rights of or impose liability on a person to the extent that the person is protected against the assertion of a claim under Division 8 (commencing with Section <a href=\"/com/8101\">8101</a>) and Division 12 (commencing with Section <a href=\"/com/12101\">12101</a>).</p><p>(c) Filing under this division does not constitute notice of a claim or defense to the holders, purchasers, or persons described in subdivisions (a) and (b).</p>","text":"(a) This division does not limit the rights of a holder in due course of a negotiable instrument, a holder to which a negotiable document of title has been duly negotiated, a protected purchaser of a security, or a qualifying purchaser of a controllable account, controllable electronic record, or controllable payment intangible. These holders or purchasers take priority over an earlier security interest, even if perfected, to the extent provided in Division 3 (commencing with Section 3101), Division 7 (commencing with Section 7101), Division 8 (commencing with Section 8101), and Division 12 (commencing with Section 12101). (b) This division does not limit the rights of or impose liability on a person to the extent that the person is protected against the assertion of a claim under Division 8 (commencing with Section 8101) and Division 12 (commencing with Section 12101). (c) Filing under this division does not constitute notice of a claim or defense to the holders, purchasers, or persons described in subdivisions (a) and (b).","otherVersions":[],"url":"https://blackletter.si/commercial-code/perfection-and-priority-9331","source":"California Legislative Information bulk export (pubinfo)"}