BlackletterCalifornia law

Code of Civil Procedure § 481.120

CHAPTER 1. Words and Phrases Defined

Current as of September 28, 2026Code Civ. Proc., § 481.120Official source ↗

Added by Stats. 1974, Ch. 1516.

“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.