Definitions
Applied in 3 court decisions — leading case 172 Cal. App. 4th 715 - People v. Hernandez (2009)
Most recently applied in Schnitzel, Inc. v. Sorensen (In Re Sorensen) (June 2018)
Added by Stats. 1983, Ch. 1128, Sec. 1.
Court decisions citing this, by year. The dip in the last several years is a data-coverage gap, not a real trend — our corpus holds fewer opinions from the most recent years, so recent citations are undercounted.
(a) As used in this division, “pledged property” is property held as security for a loan, the title to which remains with the pledgor and has not passed to the pawnbroker pursuant to Section 21201.
(b) “Vested property” is property the title to which has been transferred from the pledgor to the pawnbroker pursuant to Section 21201. Vested property is not pledged property.
Official source: California Legislative Information. Reproduced from public-domain California statutes; confirm against the official source for the current text. Not legal advice.