Civil Code - CIV
DIVISION 3. OBLIGATIONS [1427 - 3273.69]
( Heading of Division 3 amended by Stats. 1988, Ch. 160, Sec. 14. ) PART 1. OBLIGATIONS IN GENERAL [1427 - 1543]
( Part 1 enacted 1872. ) TITLE 4. EXTINCTION OF OBLIGATIONS [1473 - 1543]
( Title 4 enacted 1872. ) CHAPTER 5. Novation [1530 - [1533.]]
( Chapter 5 enacted 1872. ) 1531.
Novation is made:
1. By the substitution of a new obligation between the same parties, with intent to extinguish the old obligation;
2. By the substitution of a new debtor in place of the old one, with intent to release the latter; or,
3. By the substitution of a new creditor in place of the old one, with intent to transfer the rights of the latter to the former.
(Enacted 1872.)