Com. Code, § 9106 · Chapter 1. General Provisions
Com. Code, § 9106
Text — As published in the Legislative Counsel's database, tables dated October 18, 2026 (pubinfo_2025.zip)
(a) A person has control of a certificated security, uncertificated security, or security entitlement as provided in Section 8106.
(b) A secured party has control of a commodity contract if either of the following conditions is satisfied:
(1) The secured party is the commodity intermediary with which the commodity contract is carried.
(2) The commodity customer, secured party, and commodity intermediary have agreed that the commodity intermediary will apply any value distributed on account of the commodity contract as directed by the secured party without further consent by the commodity customer.
(c) A secured party having control of all security entitlements or commodity contracts carried in a securities account or commodity account has control over the securities account or commodity account.
Notes and commentary — not statutory text
History
Repealed and added by Stats. 1999, Ch. 991, Sec. 35. Effective January 1, 2000. Operative July 1, 2001, by Sec. 75 of Ch. 991 and Section 9701.
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=COM§ionNum=9106.
- Text hash
- sha256 ef5143348147ecf224a6d0879e17df78b37a2b31a3d3565f9b5fe8036af8aae1
- 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.
Commercial Code
Cited by 6 provisions
Provisions in this library whose text cites Com. Code, § 9106. Each shows the citation as that text prints it.
Commercial Code
- Com. Code, § 9203Printed as Section 7106, 9104, 9105.1, 9106, 9107, or 9107.1
- Com. Code, § 9207Printed as Section 7106, 9104, 9105, 9105.1, 9106, 9107, or 9107.1
- Com. Code, § 9208Printed as Section 9106
- Com. Code, § 9314Printed as Section 7106, 9104, 9105.1, 9106, 9107, or 9107.1 | Section 9106
- Com. Code, § 9328Printed as Section 9106
- Com. Code, § 9601Printed as Section 7106, 9104, 9105, 9105.1, 9106, 9107, or 9107.1
Procedural information only. Not legal advice and not a substitute for the advice of an attorney. Confirm the current text with the official publisher before relying on it.