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.
(Enacted 1872.)Section: Previous 3046 3047 3048 3050 3051 3051a 3051.5 3051.6 3052 3052a 3052b 3052.5 3053 3054 3059 Next
Last modified: September 9, 2016