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Cal. Civ. Proc. Code § 493.060

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

Known as the The Attachment Law

The act spans §§ 481.010 to 493.060 (195 sections).

Amended by Stats. 1979, Ch. 177.

(a) Upon the making of a general assignment for the benefit of creditors that terminates a lien under this chapter, the assignee is subrogated to the rights of the plaintiff under the temporary protective order or attachment.

(b) Upon the filing of a petition commencing a case under Title 11 of the United States Code (Bankruptcy), a lien terminated pursuant to this chapter is preserved for the benefit of the estate.

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