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 Post subject: Levying Officer Restricted By Third-Party Claim 720.150
PostPosted: Mon Dec 29, 2008 4:59 pm 
Partner of Riser Adkisson LLP
Partner of Riser Adkisson LLP
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Joined: Fri Dec 12, 2008 10:13 am
Posts: 931
Location: Newport Beach, CA
CCP 720.150

(a) Except as otherwise provided by statute, if a third-party claim is timely filed, the levying officer may not do any of the following with respect to the property in which an interest is claimed:

Quote:
(1) Sell the property.

(2) Deliver possession of the property to the creditor.

(3) Pay proceeds of collection to the creditor.


(b) The interest of the third person in the property levied upon is not affected by the third person's failure to file a third-party claim under this chapter.

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