California · Code of Civil Procedure - CCP

CCP §680.190: “Equity” means the fair market value of the interest of the judgment debtor in property, or in the case of community property the fair market value of the interest of the judgment debtor and the spous

What this law says, in plain English

This statute defines 'equity' as the fair market value of a judgment debtor's property interest, including the spouse's interest in community property.

Read the full statutory text

“Equity” means the fair market value of the interest of the judgment debtor in property, or in the case of community property the fair market value of the interest of the judgment debtor and the spouse of the judgment debtor in the property, over and above all liens and encumbrances on the interest superior to the judgment creditor’s lien.

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