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Cal. Prob. Code § 10360

Application of Sale Proceeds of Encumbered Property; Sale to Lienholder

Enacted by Stats. 1990, Ch. 79.

As used in this article:

(a) “Amount secured by the lien” includes interest and any costs and charges secured by the lien.

(b) “Encumbered property” means real or personal property that is subject to a lien for a secured debt which is a valid claim against the estate and which has been allowed or approved.

(c) “Lien” means a mortgage, deed of trust, or other lien.

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