Statute · California Code of Civil Procedure
Cal. Civ. Proc. Code § 493.060 — Effect of Bankruptcy Proceedings and General Assignments for the Benefit of Creditors
Cal. Civ. Proc. Code § 493.060
- Type
- Statute
- Source
- California Code of Civil Procedure
- Jurisdiction
- California
- Current through
- Nov 2, 2026 (California Legislative Counsel)
(a) Upon the making of a general assignment for the benefit of creditors that terminates a lien under this chapter, the assignee is subrogated to the rights of the plaintiff under the temporary protective order or attachment.
Citator
Cal. Civ. Proc. Code § 493.060 — Effect of Bankruptcy Proceedings and General Assignments for the Benefit of Creditors is in force in the current edition of the Code, and nothing recorded condemns it.
(a) Upon the making of a general assignment for the benefit of creditors that terminates a lien under this chapter, the assignee is subrogated to the rights of the plaintiff under the temporary protective order or attachment.
(b) Upon the filing of a petition commencing a case under Title 11 of the United States Code (Bankruptcy), a lien terminated pursuant to this chapter is preserved for the benefit of the estate.