Fabio
102 lines
7.6 KiB
Markdown
102 lines
7.6 KiB
Markdown
---
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type: "Bill"
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title: "Commercial law: secured transactions."
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description: "The Uniform Commercial Code governs security interests in collateral, including personal property and fixtures, as well as certain sales of accounts, contract rights, and chattel paper. The code, among other things, specifies requirements and procedures regarding perfecting a security interest, including the filing of a financing statement with the Secretary of State, amending a financing statement, transferring a security interest, and terminating a security interest. The code also governs the effectiveness of a security interest when a debtor changes locations to another jurisdiction."
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jurisdiction: "us/states/ca"
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legislature: "California Legislature"
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session: "20132014"
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identifier: "AB 502"
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citation: "California AB 502 (20132014)"
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classification: ["bill", "appropriation"]
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subjects: ["Commercial law: secured transactions."]
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status: "enacted"
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primary_sponsors: ["Wagner"]
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version_count: 8
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action_count: 31
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vote_count: 8
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first_action: "2013-02-20"
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last_action: "2013-10-04"
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source: "openstates"
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source_identifier: "ocd-bill/df8105e8-74bf-4570-a176-57826b01a4de"
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source_url: "http://leginfo.legislature.ca.gov/faces/billNavClient.xhtml?bill_id=201320140AB502"
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source_hash: "97bd54dc90064a79400b443e7bf45471814edcaf0310b5eb3c39c6d6baf137c9"
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vintage: "2026-07-01"
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source_snapshot: "https://data.openstates.org/daily/2026-07-01/public.pgdump"
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retrieved_at: "2026-07-06"
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confidence: "reported"
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tags: ["legislation", "bill", "us-ca"]
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---
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# California AB 502 (20132014) — Commercial law: secured transactions.
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The Uniform Commercial Code governs security interests in collateral, including personal property and fixtures, as well as certain sales of accounts, contract rights, and chattel paper. The code, among other things, specifies requirements and procedures regarding perfecting a security interest, including the filing of a financing statement with the Secretary of State, amending a financing statement, transferring a security interest, and terminating a security interest. The code also governs the effectiveness of a security interest when a debtor changes locations to another jurisdiction.
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## Version chain
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The bill's text revisions, in order — the diff chain from filing to enrollment.
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1. **02/20/13 - Introduced** (filed) — [source](https://leginfo.legislature.ca.gov/faces/billPdf.xhtml?bill_id=201320140AB502&version=20130AB50299INT)
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2. **04/01/13 - Amended Assembly** (committee substitute) — [source](https://leginfo.legislature.ca.gov/faces/billPdf.xhtml?bill_id=201320140AB502&version=20130AB50298AMD)
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3. **05/07/13 - Amended Assembly** (committee substitute) — [source](https://leginfo.legislature.ca.gov/faces/billPdf.xhtml?bill_id=201320140AB502&version=20130AB50297AMD)
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4. **05/24/13 - Amended Assembly** (committee substitute) — [source](https://leginfo.legislature.ca.gov/faces/billPdf.xhtml?bill_id=201320140AB502&version=20130AB50296AMD)
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5. **06/24/13 - Amended Senate** (committee substitute) — [source](https://leginfo.legislature.ca.gov/faces/billPdf.xhtml?bill_id=201320140AB502&version=20130AB50295AMD)
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6. **10/04/13 - Chaptered** (committee substitute) — [source](https://leginfo.legislature.ca.gov/faces/billPdf.xhtml?bill_id=201320140AB502&version=20130AB50293CHP)
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7. **AB502** (committee substitute) — [source](http://leginfo.legislature.ca.gov/faces/billNavClient.xhtml?bill_id=201320140AB502)
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8. **09/16/13 - Enrolled** (enrolled) — [source](https://leginfo.legislature.ca.gov/faces/billPdf.xhtml?bill_id=201320140AB502&version=20130AB50294ENR)
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## Votes
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- Placed on Appropriations Suspense file. — **6–0** (pass) · upper
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- AB 502 WAGNER Concurrence in Senate Amendments — **76–2** (pass) · lower
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- 3rd Reading AB502 Wagner By Corbett — **38–0** (pass) · upper
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- Do pass, but re-refer to the Committee on Appropriations. — **6–0** (pass) · upper
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- Do pass. — **7–0** (pass) · upper
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- Do pass as amended. — **17–0** (pass) · lower
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- Do pass as amended and be re-referred to the Committee on Appropriations. — **6–4** (pass) · lower
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- AB 502 WAGNER Assembly Third Reading — **77–0** (pass) · lower
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## Sponsors
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- Wagner — primary (person)
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## Timeline
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The legislative action history — every referral, reading, and vote.
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- **2013-02-20** Read first time. To print. `reading-1`
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- **2013-02-21** From printer. May be heard in committee March 23.
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- **2013-03-04** Referred to Com. on JUD. `referral-committee`
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- **2013-04-01** From committee chair, with author's amendments: Amend, and re-refer to Com. on JUD. Read second time and amended. `amendment-introduction, amendment-passage, reading-2, reading-1`
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- **2013-04-02** Re-referred to Com. on JUD. `referral-committee`
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- **2013-04-02** In committee: Hearing postponed by committee.
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- **2013-04-16** In committee: Set, first hearing. Hearing canceled at the request of author.
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- **2013-04-23** In committee: Hearing postponed by committee.
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- **2013-05-06** From committee: Do pass as amended and re-refer to Com. on APPR. (Ayes 6. Noes 4.) (April 30). `committee-passage-favorable, committee-passage, amendment-passage`
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- **2013-05-07** Read second time and amended. `reading-2, reading-1, amendment-passage`
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- **2013-05-09** Re-referred to Com. on APPR. `referral-committee`
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- **2013-05-15** In committee: Set, first hearing. Referred to APPR. suspense file. `referral-committee`
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- **2013-05-24** From committee: Do pass as amended. (Ayes 17. Noes 0.) (May 24). `committee-passage-favorable, committee-passage, amendment-passage`
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- **2013-05-24** Read second time and amended. Ordered to second reading. `reading-2, reading-1, amendment-passage`
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- **2013-05-28** Read second time. Ordered to third reading. `reading-2, reading-1`
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- **2013-05-29** Read third time. Passed. Ordered to the Senate. (Ayes 77. Noes 0. Page 1742.) `reading-3, reading-1, passage`
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- **2013-05-29** In Senate. Read first time. To Com. on RLS. for assignment. `reading-1`
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- **2013-06-13** Referred to Com. on JUD. `referral-committee`
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- **2013-06-24** From committee chair, with author's amendments: Amend, and re-refer to committee. Read second time, amended, and re-referred to Com. on JUD. `amendment-introduction, amendment-passage, reading-2, reading-1, referral-committee`
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- **2013-07-03** From committee: Do pass and re-refer to Com. on APPR. (Ayes 6. Noes 0.) (July 2). Re-referred to Com. on APPR. `committee-passage-favorable, referral-committee, committee-passage`
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- **2013-08-12** In committee: Placed on APPR. suspense file.
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- **2013-08-30** From committee: Do pass. (Ayes 7. Noes 0.) (August 30). `committee-passage-favorable, committee-passage`
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- **2013-09-03** Read second time. Ordered to third reading. `reading-2, reading-1`
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- **2013-09-09** Read third time. Passed. Ordered to the Assembly. (Ayes 38. Noes 0. Page 2248.). `reading-3, reading-1, passage`
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- **2013-09-09** In Assembly. Concurrence in Senate amendments pending. May be considered on or after September 11 pursuant to Assembly Rule 77.
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- **2013-09-10** Assembly Rule 77 suspended. (Ayes 53. Noes 25. Page 3064.)
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- **2013-09-10** Assembly Rule 63 suspended. (Ayes 53. Noes 25. Page 3064.)
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- **2013-09-10** Senate amendments concurred in. To Engrossing and Enrolling. (Ayes 76. Noes 2. Page 3100.). `committee-passage-favorable, amendment-passage`
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- **2013-09-20** Enrolled and presented to the Governor at 4 p.m.
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- **2013-10-04** Approved by the Governor. `executive-signature`
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- **2013-10-04** Chaptered by Secretary of State - Chapter 531, Statutes of 2013.
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## Source
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OpenStates / OpenCivicData bulk snapshot [2026-07-01](https://data.openstates.org/daily/2026-07-01/public.pgdump); origin `ocd-bill/df8105e8-74bf-4570-a176-57826b01a4de`. Confidence: reported (aggregated from official California legislature records).
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