CHAPTER 13 - Effect of Bankruptcy Proceedings and General Assignments for the Benefit of Creditors | Califonrnia Code of Civil Procedure - CCP | Section 493.060.
493.060. (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.
(Amended by Stats. 1979, Ch. 177.)Section: Previous 493.010 493.020 493.030 493.040 493.050 493.060
Last modified: July 19, 2016