UCC Article 9 for California

California passes 2010 UCC Article 9 Amendments, effective July 1, 2014.

Assembly Bill 502, containing the 2010 Amendments to UCC Revised Article 9, has been signed by California governor Jerry Brown. The effective date of the bill will be July 1, 2014. Instead of choosing Alternative A or B from the model act, California will have a non-uniform rule for the sufficiency of individual debtor names.

For California, the financing statement will be sufficient only if it provides the individual name of the debtor or the surname and first personal name of the debtor. This is similar to Alternative B. However, It does not include the driver's license variation.