California Law (Last Updated: March 4, 2014) |
Code of Civil Procedure - CCP |
Part 2. OF CIVIL ACTIONS |
Title 6.5. ATTACHMENT |
Chapter 13. Effect of Bankruptcy Proceedings and General Assignments for the Benefit of Creditors |
Section 493.060.
Latest version.
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(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.)