California Civil Code
§ 3439.01
CIV § 3439.01 Effective Jan 1, 2016Div. 4 · Title 2 · Part 2 · Ch. 1
Statute text
View on leginfo.ca.govAs used in this chapter the following definitions are applicable:
(a)“Asset” means property of a debtor, but the term does not include the following:
(1)Property to the extent it is encumbered by a valid lien.
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Legislative history
Amended by Stats. 2015, Ch. 44, Sec. 4. (SB 161) Effective January 1, 2016.