BlackletterCalifornia law

Code of Civil Procedure § 493.060

CHAPTER 13. Effect of Bankruptcy Proceedings and General Assignments for the Benefit of Creditors

Current as of September 28, 2026Code Civ. Proc., § 493.060Official source ↗

Amended by Stats. 1979, Ch. 177.

(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.