California Law (Last Updated: March 4, 2014) |
Civil Code - CIV |
Division 3. OBLIGATIONS |
Part 4. OBLIGATIONS ARISING FROM PARTICULAR TRANSACTIONS |
Title 4. LOAN |
Chapter 3.5. Shared Appreciation Loans |
Section 1917.001.
Latest version.
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The relationship of the borrower and the lender in a shared appreciation loan transaction is that of debtor and creditor and shall not be, or be construed to be, a joint venture, equity venture, partnership, or other relationship.
(Added by Stats. 1987, Ch. 652, Sec. 1.)