Civ. Code, § 955.1 · Article 1. Transfer of Things in Action [[953.] - 955.1.
Civ. Code, § 955.1
Text — As published in the Legislative Counsel's database, tables dated October 18, 2026 (pubinfo_2025.zip)
(a) Except as provided in Sections 954.5 and 955 and subject to subdivisions (b) and (c), a transfer other than one intended to create a security interest pursuant to paragraph (1) or (3) of subdivision (a) of Section 9109 of the Commercial Code, of any payment intangible, as defined in Section 9102 of the Commercial Code, and any transfer of accounts, chattel paper, payment intangibles, or promissory notes excluded from the coverage of Division 9 of the Commercial Code by paragraph (4) of subdivision (d) of Section 9109 of the Commercial Code shall be deemed perfected as against third persons upon there being executed and delivered to the transferee an assignment thereof in writing.
(b) As between bona fide assignees of the same right for value without notice, the assignee first giving notice of the right to the obligor in writing has priority.
(c) The assignment is not, of itself, notice to the obligor so as to invalidate any payments made by the obligor to the transferor.
(d) This section does not apply to transfers or assignments of water supply property, as defined in Section 849 of the Public Utilities Code.
(e) This section does not apply to transfers or assignments of recovery property, as defined in Section 848 of the Public Utilities Code.
Notes and commentary — not statutory text
History
Amended by Stats. 2014, Ch. 482, Sec. 2. (SB 936) Effective January 1, 2015.
Source of truth
- Edition
- As published in the Legislative Counsel's database, tables dated October 18, 2026 (pubinfo_2025.zip)
- Official file
- https://leginfo.legislature.ca.gov/faces/codes_displaySection.xhtml?lawCode=CIV§ionNum=955.1.
- Text hash
- sha256 b0c844cbadebf0fd34126f6a97a94a0e138831db8a4aad1c07ad8da6e6b67a57
- Composed by
- compose_ca.py 2026-10-22: the Legislative Counsel's CAML content files read by a tokenizer (caml_readers.reader_a); an independent xml.etree reading (caml_readers.reader_b) agrees on every section
This section cites
Provisions in this library that the text above cites, as it prints each citation. A range cited as “ss. 61.13-61.16” links its first and last provisions.
Civil Code
Commercial Code
Cited by 5 provisions
Provisions in this library whose text cites Civ. Code, § 955.1. Each shows the citation as that text prints it.
Code of Civil Procedure
Government Code
- Gov. Code, § 6588.5Printed as Sections 954.5 to 955.1, inclusive, of the Civil Code
- Gov. Code, § 6588.6Printed as Sections 954.5 to 955.1, inclusive, of the Civil Code
- Gov. Code, § 53999Printed as Sections 954.5 to 955.1, inclusive, of the Civil Code
- Gov. Code, § 63049.1Printed as Sections 954.5 and 955.1 of the Civil Code
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