This division may be cited as Transitional Provisions for Uniform Commercial Code Amendments (2022).
Chapter 1General Provisions and Definitions
Section § 17101
This section is simply giving a name to a set of rules about changes made to the Uniform Commercial Code in 2022. They're called the 'Transitional Provisions for Uniform Commercial Code Amendments (2022)'.
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Section § 17102
This section provides definitions for terms used in the division, which include an 'adjustment date' set for July 1, 2025, or a year after the law is enacted. It also clarifies definitions for 'Division 12' properties, which cover various types of assets like controllable accounts and electronic records. The law links to other sections for further definitions. General principles from another division (Division 1) are applicable here.
(a)CA Commercial Law Code § 17102(a) In this division, the following definitions apply.
(1)CA Commercial Law Code § 17102(a)(1) “Adjustment date” means July 1, 2025, or the date that is one year after the effective date of the act adding this division, whichever is later.
(2)CA Commercial Law Code § 17102(a)(2) “Division 12” means Division 12 (commencing with Section 12101).
(3)CA Commercial Law Code § 17102(a)(3) “Division 12 property” means a controllable account, controllable electronic record, or controllable payment intangible.
(b)CA Commercial Law Code § 17102(b) The following definitions in other divisions apply to this division:
“Controllable account”
Section 9102.
“Controllable electronic record”
Section 12102.
“Controllable payment intangible”
Section 9102.
“Electronic money”
Section 9102.
“Financing statement”
Section 9102.
(c)CA Commercial Law Code § 17102(c) Division 1 (commencing with Section 1101) contains general definitions and principles of construction and interpretation applicable throughout this division.
adjustment date Division 12 controllable account electronic record controllable payment intangible Section 9102 Section 12102 electronic money financing statement general definitions
