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12/13/2001 · Laws & Procedures
Revised UCC Article 9 Changes - Commercial Sale Notice Procedures
By: Christopher B. Dorian, Esq
Newly-enacted California Commercial Code section 9610 (former Section 9504(1), (3)), 9611 (former Section 9504(3)), 9612 (new), and 9613 (new) have replaced the former requirements for noticing a disposition of non-consumer personal property collateral by sale, previously found at Section 9504. The new statute somewhat simplifies the procedure, releasing the party noticing the sale from a number of obligations, but adds a few minor requirements as well
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