California Law (Last Updated: March 4, 2014) |
Civil Code - CIV |
Division 3. OBLIGATIONS |
Part 4. OBLIGATIONS ARISING FROM PARTICULAR TRANSACTIONS |
Title 4. LOAN |
Chapter 7. Shared Appreciation Loans for Seniors |
ARTICLE 5. General Provisions |
Section 1917.610.
Latest version.
-
The relationship of the borrower and the lender of a shared appreciation loan for seniors is that of debtor and creditor and shall not be, or be construed to be, a joint venture, an equity venture, a partnership, or other relationship.
(Added by Stats. 1984, Ch. 1701, Sec. 1.)