California Civil Code

§ 3047

Name: California Superior Court Tentative Rulings
Creator: DecisionDepot
License: https://creativecommons.org/licenses/by-nc/4.0/

CIV § 3047Div. 3 · Title 14 · Part 4 · Ch. 6

Statute text

View on leginfo.ca.gov

Where a buyer of real property gives to the seller a written contract for payment of all or part of the price, an absolute transfer of such contract by the seller waives his lien to the extent of the sum payable under the contract, but a transfer of such contract in trust to pay debts, and return the surplus, is not a waiver of the lien.

Legislative history

Enacted 1872.