California Code of Civil Procedure 700.120 – To levy upon a negotiable document of title, the levying officer …
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To levy upon a negotiable document of title, the levying officer shall:
(a) If the negotiable document of title is in the possession of the judgment debtor, take the negotiable document of title into custody.
Terms Used In California Code of Civil Procedure 700.120
- debtor: means the debtor from whom the liability is sought to be collected. See California Code of Civil Procedure 688.040
- Person: includes a corporation as well as a natural person. See California Code of Civil Procedure 17
(b) If the negotiable document of title is in the possession of a third person, personally serve a copy of the writ of execution and a notice of levy on the third person.
(Added by Stats. 1982, Ch. 1364, Sec. 2. Operative July 1, 1983, by Sec. 3 of Ch. 1364.)