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California Civil Code Section 3047

Legal Research Home > California Laws > Civil Code > California Civil Code Section 3047

3047.  Where a buyer of real property gives to the seller a written
contract for payment of all or part of the price, an absolute
transfer of such contract by the seller waives his lien to the extent
of the sum payable under the contract, but a transfer of such
contract in trust to pay debts, and return the surplus, is not a
waiver of the lien.

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Last modified: March 17, 2014