California Civil Code

§ 1917.020

CIV § 1917.020Div. 3 · Title 4 · Part 4 · Ch. 4 · Art. 2

Statute text

For purposes of this chapter:

(a)“Adjusted fair market value” means all of the following:

(1)The net sale price, in the case of a bona fide sale made in good faith prior to the maturity date of the shared appreciation loan, but excluding any sale upon a foreclosure or trustee’s sale pursuant to Section 726 of the Code of Civil Procedure or Section 2924.

…

Legislative history

Amended by Stats. 1984, Ch. 1267, Sec. 1. Inoperative January 1, 1990, by Stats. 1982, Ch. 466, Sec. 11.5.