California · Code of Civil Procedure - CCP

CCP §493.060: (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 protec

What this law says, in plain English

When a general assignment for the benefit of creditors ends a lien under this chapter, the assignee takes over the plaintiff's rights under temporary protection.

Read the full statutory text

(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.

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