DIVISION 3. OBLIGATIONS 1427-3273.91›PART 4. OBLIGATIONS ARISING FROM PARTICULAR TRANSACTIONS 1738-3273.91›TITLE 14. LIEN 2872-3081›CHAPTER 6. Other Liens 3046-3066
§ 3047
California Civil Code · 2026-09 edition · updated 2026-10-03 · California
Where a buyer of real property gives to the seller a written contract for payment of all or part of the price, an absolute transfer of such contract by the seller waives his lien to the extent of the sum payable under the contract, but a transfer of such contract in trust to pay debts, and return the surplus, is not a waiver of the lien.
(Enacted 1872.)
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