Chapter 4

Involves the sale of personal property

Transfer title to personal property

Controlled by Division 6 of the Uniform Commercial Code.

-warn transferor's creditors of the pending transfer

-Applies to retail or wholesale

-Transferee(purchaser) must give public notice twelve days before transfer.

-accomplished with "Notice of Intention to Sell"

Division 9 of U.C.C

Issues permits, collects taxes and administers law

Required by every seller, wholesale or retail

enclosing a given area  by measuring off distances

-describe irregularly shaped parcels of land

-useful only to civil engineer or surveyor 

-Bounds are measures of boundaries (natural or artificial)

standard system of describing lands, based on series of rectangular parcels

East and West = Base

North and South = Meridian 

• Three California...
• 1) Humboldt
• 2) Mt. Diablo
• 3) San Bernardino

is not subject to property tax

to release "Financing Statement" from public record

-36 Sections

-Each section is 1 mile square (36 Square Miles total)

-Each section contains 640 acres

43,560 Square Feet

5,280 Feet

1 sq. yard