AttachmentWords and Phrases Defined
Section § 481.010
This law states that the definitions provided in this chapter should be used to interpret and understand the rules and terms in this title, except when a specific provision or situation requires a different interpretation.
Section § 481.020
This law states that the term "account debtor" refers to the definition provided in another section of the Commercial Code, specifically Section 9102(a)(3). It's essentially pointing you to look there for a detailed explanation.
Section § 481.030
Section § 481.040
This law section explains that 'chattel paper' is defined by referring to a specific definition found in another part of the Commercial Code. Essentially, it's pointing you to go look there for the detailed explanation of what 'chattel paper' means.
Section § 481.055
In this law, 'costs' refer to the money spent on legal proceedings, covering things like fees, charges, commissions, and expenses as defined by law.
Section § 481.060
This law section clarifies that the term 'complaint' also covers 'cross-complaints.' So, whenever you see 'complaint,' it means both the original complaint and any counter-complaints filed during the case.
Section § 481.070
This law clarifies that whenever the term “defendant” is used, it also refers to a “cross-defendant,” which is someone against whom a claim is made in reaction to the original lawsuit.
Section § 481.080
This section refers to the definition of 'deposit account' as described in another part of the law, specifically in the Commercial Code.
Section § 481.090
This section defines a 'document of title' using another specific definition from the Commercial Code. It also clarifies that a document of title is considered 'negotiable' if another section of the Commercial Code says it is.
Section § 481.100
This section defines "equipment" as physical property that a defendant owns and uses mainly for their trade, business, or profession, but which is not considered inventory or farm products.
Section § 481.110
This law explains what is considered a 'farm product' for legal purposes. It includes crops, livestock, and items produced on a farm like milk or eggs, as long as they are not processed into a different form. If something is classified as a farm product, it's not regarded as equipment or inventory.
Section § 481.113
This law defines what a 'financial institution' is, including types like banks, savings and loan associations, credit unions, and companies involved in the safe deposit business.
Section § 481.115
This law section defines 'general intangibles' as a type of right to payment, based on how that term is described in another part of the Commercial Code.
Section § 481.117
The term “instrument” in this context refers to the definition given in another part of the law, specifically Section 9102 of the Commercial Code. To understand what constitutes an “instrument,” you need to look at the definition provided there.
Section § 481.120
This law explains what "inventory" means when someone owes money. It refers to physical items a person owns, either to sell them, lease them, or use them in their business. This can include things like raw materials or work being processed, but it doesn't count as tools or equipment.
Section § 481.140
"Levying officer" refers to the sheriff or marshal assigned to carry out a court order or writ.
Section § 481.170
This law defines the term "person" to not only mean an individual human being but also includes organizations like corporations, partnerships, limited liability companies, and public entities.
Section § 481.175
This law explains that 'personal property' covers both physical items you can touch and things that don't have a physical form, like stocks or intellectual property.
Section § 481.180
This law defines the term “plaintiff” as someone who starts a lawsuit by filing a complaint or cross-complaint.
Section § 481.190
This law section explains that a claim is considered to have 'probable validity' if there's a better than 50% chance that the person who filed the lawsuit (the plaintiff) will win against the person being sued (the defendant).
Section § 481.195
This law defines 'property' as including both real property, like land and buildings, and personal property, which can be things like cars or jewelry. It also covers any interest you might have in such property, like a mortgage or a lease.
Section § 481.200
This section defines what is considered a 'public entity' in California. It includes the state government, the University of California Regents, counties, cities, districts, public authorities, public agencies, and other political organizations or public corporations.
Section § 481.203
This law states that real property covers any rights associated with real estate. It doesn’t just mean owning land or a building; it also includes things like renting or leasing such property.
Section § 481.205
Section § 481.207
Section § 481.210
This law section defines the term "security" by referring to the definition provided in another section of the Commercial Code.
Section § 481.220
This section simply says that the term "security agreement" in this context uses the same definition as the one found in another part of the law, specifically the Commercial Code.
Section § 481.223
The term 'security interest' is used here in the same way it is described in another part of the law called Section 1201 of the Commercial Code. To fully understand it, you would need to look at that section.