Statute · California Code of Civil Procedure
Cal. Civ. Proc. Code § 481.120 — Words and Phrases Defined
Cal. Civ. Proc. Code § 481.120
- Type
- Statute
- Source
- California Code of Civil Procedure
- Jurisdiction
- California
- Current through
- Nov 2, 2026 (California Legislative Counsel)
“Inventory” means tangible personal property in the possession of a defendant that (a) is held by the defendant for sale or lease or to be furnished under contracts of service or (b) is raw materials, work in process, or materials used or consumed in his trade, business, or profession. Inventory…
Citator
Cal. Civ. Proc. Code § 481.120 — Words and Phrases Defined is in force in the current edition of the Code, and nothing recorded condemns it.
“Inventory” means tangible personal property in the possession of a defendant that (a) is held by the defendant for sale or lease or to be furnished under contracts of service or (b) is raw materials, work in process, or materials used or consumed in his trade, business, or profession. Inventory of a person is not to be classified as his equipment.