California § 9622 - A secured party
Full text of California Public Contract Code - PCC § 9622 — A secured party, with citation guidance and answers to common questions.
§ 9622. A secured party
(a) A secured partyâs acceptance of collateral in full or partial satisfaction of the obligation it secures does all of the following: (1) It discharges the obligation to the extent consented to by the debtor. (2) It transfers to the secured party all of a debtorâs rights in the collateral. (3) It discharges the security interest or agricultural lien that is the subject of the debtorâs consent and any subordinate security interest or other subordinate lien. (4) It terminates any other subordinate interest. (b) A subordinate interest is discharged or terminated under subdivision (a), even if the secured party fails to comply with this division.
Frequently Asked Questions About California § 9622
What does Public Contract Code - PCC § 9622 cover?
Section 9622 ("A secured party") is part of the Public Contract Code - PCC, the codified statutory law of California. It sets out the legal rule or procedure described in the text above. Statutes are amended regularly, so always verify against the official source.
How do I cite California § 9622?
A common citation format is "Public Contract Code - PCC § 9622" (California). Legal writing may require the code abbreviation, section number, and year or edition. Match the style required by your court, professor, or publisher.
Is this the official text of California law?
No. This page is for research and education and may not include the most recent amendments. For official current law, check the California official source linked on this page or consult a licensed California attorney.
How does California § 9622 apply to my situation?
Statutes are interpreted in context, and application depends on your specific facts. Only a licensed attorney in California can advise on how this section applies to you. Contact your state or local bar association for a referral.
Sources & Verification
Not legal advice. Verify against the official source and consult a licensed attorney in California.