California § 3447. 3447. (Amended by Stats. 2015, Ch. 44, Sec. 18.)

California Statutes

§ 3447. — 3447. (Amended by Stats. 2015, Ch. 44, Sec. 18.)

California § 3447.

JurisdictionCalifornia

Code CIVCivil Code - CIV

Div. 4.DIVISION 4. GENERAL PROVISIONS

Title2.

Part 2.TITLE 2. VOID AND VOIDABLE TRANSFERS AND UNDERTAKINGS

Ch. 3.CHAPTER 3. Undertaking in Voidable Transfer Action

This text of California § 3447. (3447. (Amended by Stats. 2015, Ch. 44, Sec. 18.)) is published on Counsel Stack Legal Research, covering California primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.

Bluebook

Cal. Civil Code - CIV Code § 3447. (2026).

Text

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.

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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.

Legislative History

Amended by Stats. 2015, Ch. 44, Sec. 18. (SB 161) Effective January 1, 2016.

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Bluebook (online)

California § 3447., Counsel Stack Legal Research, https://law.counselstack.com/statute/ca/CIV/3447..