§ 720.250

Cal. Civ. Proc. Code § 720.250

720.250

Added by Stats. 1982, Ch. 1364, Sec. 2. Operative July 1, 1983, by Sec. 3 of Ch. 1364.

  1. (a) Except as otherwise provided by statute, if a third-party claim is timely filed, the levying officer may not do any of the following with respect to the personal property in which the security interest or lien is claimed:

    1. (1) Sell the property.
    2. (2) Deliver possession of the property to the creditor.
    3. (3) Pay proceeds of collection to the creditor.
  2. (b) The interest of a secured party or lienholder in the property levied upon is not affected by the failure of the secured party or lienholder to file a third-party claim under this chapter.
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