California Codes, Civil Code - CIV, Division 3 — Obligations, Part 4 — Obligations Arising from Particular Transactions, Title 14 — Lien, Chapter 2 — Mortgage, Article 1 — Mortgages in General, Section 2944
None of the provisions of this chapter applies to any transaction or security interest governed by the Commercial Code, except to the extent made applicable by reason of an election made by the secured party pursuant to subparagraph (B) of paragraph (1) of subdivision (a) of Section 9604 of the Commercial Code.
Notes
Exempts transactions and security interests governed by the Commercial Code from this chapter, except to the extent the secured party makes the election identified in the Commercial Code. The carve-out therefore removes Commercial Code transactions from these provisions only insofar as the secured party has not elected the specified application of this chapter.
Use as reference
Lexinter.net | California Code, Civil Code - CIV § 2944 | https://laws.lexinter.net/codes/california/civil-code/division-3/part-4/title-14/chapter-2/article-1/section-2944