Cal. Civ. Proc. Code § 493.030

Effect of Bankruptcy Proceedings and General Assignments for the Benefit of Creditors

Known as the The Attachment Law

The act spans §§ 481–493 (195 sections).

Applied in 1 court decision — leading case Sobel Building Development Partners v. Broach (In re Sexton) (1994)

Most recently applied in Sobel Building Development Partners v. Broach (In re Sexton) (April 1994)

Amended by Stats. 1979, Ch. 177.

(a) The making of a general assignment for the benefit of creditors terminates a lien of a temporary protective order or of attachment if the lien was created within 90 days prior to the making of the general assignment.

(b) The filing of a petition commencing a voluntary or involuntary case under Title 11 of the United States Code (Bankruptcy) terminates a lien of a temporary protective order or of attachment if the lien was created within 90 days prior to the filing of the petition.

(c) Subdivisions (a) and (b) do not apply unless all liens of attachment on the defendant’s property in other states that were created within 90 days prior to the making of a general assignment for the benefit of creditors or the filing of a petition commencing a case under Title 11 of the United States Code (Bankruptcy) have terminated.

Official source: California Legislative Information. Reproduced from public-domain California statutes; confirm against the official source for the current text. Not legal advice.