California Code of Civil Procedure

§ 720.630

CCP § 720.630Div. 4 · Title 9 · Part 2 · Ch. 6

Statute text

(a)The undertaking to release property shall contain a description of the property to be released and shall describe the interest of the third person.

(b)The undertaking shall be made in favor of the creditor and shall provide that, if the debtor is finally adjudged to have an interest in the property levied upon, the third person shall pay to the creditor the lesser of the following:

(1)The amount required to satisfy the judgment against the debtor of the creditor who had the lien on the property.

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Legislative history

Added by Stats. 1982, Ch. 1364, Sec. 2. Operative July 1, 1983, by Sec. 3 of Ch. 1364.