Civil Code - CIV
DIVISION 4. GENERAL PROVISIONS [3274 - 9566]
( Heading of Division 4 amended by Stats. 1988, Ch. 160, Sec. 16. ) PART 2. SPECIAL RELATIONS OF DEBTOR AND CREDITOR [3429 - 3449]
( Part 2 enacted 1872. ) TITLE 2. VOID AND VOIDABLE TRANSFERS AND UNDERTAKINGS [3439 - 3449]
( Heading of Title 2 amended by Stats. 2015, Ch. 44, Sec. 1. ) CHAPTER 3. Undertaking in Voidable Transfer Action [3445 - 3449]
( Heading of Chapter 3 amended by Stats. 2015, Ch. 44, Sec. 16. ) 3447.
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.)