California CodesBusiness and Professions Code - BPCDivision 8 — Special Business RegulationsChapter 28 — Fair Practices of Equipment Manufacturers, Distributors, Wholesalers, and Dealers ActSection 22915
The lien created pursuant to this act shall be treated according to the following:
(a) Have priority in accordance with the time the notice of claim of lien is filed with the Secretary of State.
(b) Have the same priority as a security interest perfected by the filing of a financing statement as of the date of notice of claim of lien was filed with the Secretary of State.
(c) Not have priority over labor claims for wages and salaries for personal services that are provided by any employee to any lien debtor in connection with the equipment supplied, the proceeds of which are subject to the lien.
Notes
Sets an equipment-repurchase lien's priority by when its claim notice is filed with the Secretary of State and gives it the same priority as a security interest perfected by financing-statement filing on that date. Limits priority by subordinating the lien to employee wage and salary claims for personal services connected with supplied equipment whose proceeds are subject to the lien.
Use as reference
Lexinter.net | California Code, Business and Professions Code - BPC § 22915 | https://laws.lexinter.net/codes/california/business-and-professions-code/division-8/chapter-28/section-22915