DIVISION 4. GENERAL PROVISIONS 3274-9566›PART 2. SPECIAL RELATIONS OF DEBTOR AND CREDITOR 3429-3449›TITLE 2. VOID AND VOIDABLE TRANSFERS AND UNDERTAKINGS 3439-3449›CHAPTER 3. Undertaking in Voidable Transfer Action 3445-3449
§ 3447
California Civil Code · 2020-11 edition · updated 2026-10-04 · California
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.
(Amended by Stats. 2015, Ch. 44, Sec. 18. (SB 161) Effective January 1, 2016.)
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