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 Post subject: Assignment Governed By Civil Code 955.1 or 1214 - 708.530
PostPosted: Mon Dec 29, 2008 3:39 pm 
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CCP 708.530

(a) Except as provided in subdivision (b), the effect and priority of an assignment ordered pursuant to this article is governed by Section 955.1 of the Civil Code. For the purpose of priority, an assignee of a right to payment pursuant to this article shall be deemed to be a bona fide assignee for value under the terms of Section 955.1 of the Civil Code.

(b) An assignment of the right to future rent ordered under this article is recordable as an instrument affecting real property and the priority of such an assignment is governed by Section 1214 of the Civil Code.

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 Post subject: Re: Assignment Governed By Civil Code 955.1 or 1214 - 708.530
PostPosted: Tue Jul 07, 2009 6:52 pm 
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CREDIT(S)

(Added by Stats.1982, c. 1364, p. 5202, § 2, operative July 1, 1983. Amended by Stats.1984, c. 538, § 32.)


LAW REVISION COMMISSION COMMENTS


1982 Addition


Section 708.530 incorporates the rule generally applicable to assignments of general intangibles and other rights to payment. Under Civil Code Section 955.1 and this section, the judgment creditor who has obtained an assignment under this article will have priority over another assignee of the same right for value and without notice only if the judgment creditor first gives notice to the obligor. See also Section 708.540. [16 Cal.L.Rev.Comm. Reports 1527 (1982)].


1984 Amendment


Section 708.530 is amended to provide a special rule governing assignments of rights to future rent. Subdivision (b) recognizes such assignments as instruments affecting real property subject to the recording act. [17 Cal.L.Rev.Comm. Reports 1020 (1983) ].


HISTORICAL AND STATUTORY NOTES


2009 Main Volume


The 1984 amendment inserted subdivision designation (a); added, to the beginning of subd. (a), “Except as provided in subdivision (b)”; and added subd. (b).

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