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Current as of January 01, 2023 | Updated by FindLaw Staff
(a) As used in this section:
(1) “Cash proceeds” means money, checks, deposit accounts, and the like.
(2) “Proceeds” means identifiable cash proceeds received upon the sale, exchange, collection, or other disposition of property subject to a judgment lien on personal property.
(b) Except as provided in subdivision (c), the judgment lien on personal property continues in the proceeds with the same priority.
(c) In the event of insolvency proceedings (as defined in Section 1201 of the Commercial Code) instituted by or against the judgment debtor, the judgment lien continues under subdivision (b) only in the following proceeds:
(1) Proceeds in a separate deposit account containing only proceeds.
(2) Proceeds in the form of money which are neither commingled with other money nor deposited in a deposit account prior to the insolvency proceedings.
(3) Proceeds in the form of checks and the like which are not deposited in a deposit account prior to the insolvency proceedings.
Cite this article: FindLaw.com - California Code, Code of Civil Procedure - CCP § 697.620 - last updated January 01, 2023 | https://codes.findlaw.com/ca/code-of-civil-procedure/ccp-sect-697-620/
FindLaw Codes may not reflect the most recent version of the law in your jurisdiction. Please verify the status of the code you are researching with the state legislature or via Westlaw before relying on it for your legal needs.
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