California Code of Civil Procedure

§ 701.820

CCP § 701.820 Effective Jan 1, 2011Div. 2 · Title 9 · Part 2 · Ch. 3 · Art. 7

Statute text

(a)Promptly after a sale or collection under this title, the levying officer shall distribute the proceeds to the persons entitled thereto or, in cases covered by Section 701.830, deposit the proceeds with the court.

(b)Except as otherwise provided by statute, the proceeds shall be paid to the persons entitled thereto within 30 days after the proceeds are received by the levying officer.

(c)If the proceeds are not received by the levying officer in one payment, the levying officer may accumulate proceeds received during a 30-day period and the accumulated proceeds shall be paid to the persons entitled thereto not later than 10 days after the expiration of the 30-day period.

…

Legislative history

Amended by Stats. 2010, Ch. 4, Sec. 3. (AB 680) Effective January 1, 2011.