Cal. Civ. Code § 3447

Current through the 2023 Legislative Session.

Section 3447 - Condition of undertaking

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.

Ca. Civ. Code § 3447

Amended by Stats 2015 ch 44 (SB 161),s 18, eff. 1/1/2016.