Cal. Civ. Proc. Code § 720.250

Third-Party Claim of Security Interest or Lien

Known as the Enforcement of Judgments Law

The act spans §§ 680–724 (467 sections).

Applied in 1 court decision — leading case 110 F. App'x 11 - Red Line Research Laboratories, Inc. v. Sgobba (2004)

Most recently applied in 110 F. App'x 11 - Red Line Research Laboratories, Inc. v. Sgobba (August 2004)

Added by Stats. 1982, Ch. 1364, Sec. 2

(a) Except as otherwise provided by statute, if a third-party claim is timely filed, the levying officer may not do any of the following with respect to the personal property in which the security interest or lien is claimed:

(1) Sell the property.

(2) Deliver possession of the property to the creditor.

(3) Pay proceeds of collection to the creditor.

(b) The interest of a secured party or lienholder in the property levied upon is not affected by the failure of the secured party or lienholder to file a third-party claim under this chapter.

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