California § 9318 - A debtor that has sold an account, chattel paper, payment intangible, or promisso
Full text of California Public Contract Code - PCC § 9318 — A debtor that has sold an account, chattel paper, payment intangible, or promisso, with citation guidance and answers to common questions.
§ 9318. A debtor that has sold an account, chattel paper, payment intangible, or promisso
(a) A debtor that has sold an account, chattel paper, payment intangible, or promissory note does not retain a legal or equitable interest in the collateral sold. (b) For purposes of determining the rights of creditors of, and purchasers for value of an account or chattel paper from, a debtor that has sold an account or chattel paper, while the buyerâs security interest is unperfected, the debtor is deemed to have rights and title to the account or chattel paper identical to those the debtor sold.
Source: official California text · Last verified 2026-08-27
Frequently Asked Questions About California § 9318
What does Public Contract Code - PCC § 9318 cover?
Section 9318 ("A debtor that has sold an account, chattel paper, payment intangible, or promisso") 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 § 9318?
A common citation format is "Public Contract Code - PCC § 9318" (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 § 9318 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.