Statute · California Civil Code

Cal. Civ. Code § 1531 — Novation [1530. - [1533.]]

Cal. Civ. Code § 1531

Type
Statute
Source
California Civil Code
Jurisdiction
California
Current through
Nov 2, 2026 (California Legislative Counsel)

Novation is made:

Citator

Cal. Civ. Code § 1531 — Novation [1530. - [1533.]] is in force in the current edition of the Code, and nothing recorded condemns it.

Novation is made:

1. By the substitution of a new obligation between the same parties, with intent to extinguish the old obligation;

2. By the substitution of a new debtor in place of the old one, with intent to release the latter; or,

3. By the substitution of a new creditor in place of the old one, with intent to transfer the rights of the latter to the former.