Statute · California Civil Code
Cal. Civ. Code § 3447 — Undertaking in Voidable Transfer Action
Cal. Civ. Code § 3447
- Type
- Statute
- Source
- California Civil Code
- Jurisdiction
- California
- Date
- 2016-01-01
- Current through
- Nov 2, 2026 (California Legislative Counsel)
The undertaking shall be conditioned that, if it is determined in the action that the transfer or obligation was voidable as to the creditor, the transferee will pay to the creditor the lesser of the following amounts:
Citator
Cal. Civ. Code § 3447 — Undertaking in Voidable Transfer Action is in force in the current edition of the Code, and nothing recorded condemns it.
The undertaking shall be conditioned that, if it is determined in the action that the transfer or obligation was voidable as to the creditor, the transferee will pay to the creditor the lesser of the following amounts:
(a) The value of the property or obligation as estimated in the undertaking.
(b) The amount determined in the action to be due and owing to the creditor by the person who transferred the property or incurred the obligation.