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California Civil Code Section 1954.1

Legal Research Home > California Laws > Civil Code > California Civil Code Section 1954.1

1954.1.  In any general assignment for the benefit of creditors, as
defined in Section 493.010 of the Code of Civil Procedure, the
assignee shall have the right to occupy, for a period of up to 90
days after the date of the assignment, any business premises held
under a lease by the assignor upon payment when due of the monthly
rental reserved in the lease for the period of such occupancy,
notwithstanding any provision in the lease (whether heretofore or
hereafter entered into) for the termination thereof upon the making
of the assignment or the insolvency of the lessee or other condition
relating to the financial condition of the lessee. This section shall
be construed as establishing the reasonable rental value of the
premises recoverable by a landlord upon a holding-over by the tenant
upon the termination of a lease under the circumstances specified
herein.



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Last modified: March 17, 2014