Cal. Civ. Code § 8544

Current through the 2023 Legislative Session.
Section 8544 - Rights not affected by assignment of construction loan funds

The rights of a claimant who gives a construction lender a stop payment notice are not affected by an assignment of construction loan funds made by the owner or direct contractor, and the stop payment notice has priority over the assignment, whether the assignment is made before or after the stop payment notice is given.

Ca. Civ. Code § 8544

Added by Stats 2010 ch 697 (SB 189),s 20, eff. 1/1/2011, op. 7/1/2012.