Except as provided in Chapter 3 (commencing with Section 17301), a transaction validly entered into before the effective date of the act adding this division and the rights, duties, and interests flowing from the transaction remain valid thereafter and may be terminated, completed, consummated, or enforced as required or permitted by law other than this code or, if applicable, this code, as though the act adding this division had not taken effect.
Chapter 2General Transition Provisions
Section § 17201
This law states that any transaction made before the new regulations were added continues to be valid, along with any rights or responsibilities that come from it. These transactions can still be completed or enforced according to the old rules or the new ones if applicable, as if the new regulations hadn't changed anything.
transaction validity pre-existing agreements rights preservation duties continuation interest flow legal enforcement termination of transactions completion of contracts consummation of agreements pre-effective date transactions
