California § 493.010 - As used in this chapter,
Full text of California Public Contract Code - PCC § 493.010 — As used in this chapter,, with citation guidance and answers to common questions.
§ 493.010. As used in this chapter,
As used in this chapter, âgeneral assignment for the benefit of creditorsâ means an assignment which satisfies all of the following requirements: (a) The assignment is an assignment of all the defendantâs assets that are transferable and not exempt from enforcement of a money judgment. (b) The assignment is for the benefit of all the defendantâs creditors. (c) The assignment does not itself create a preference of one creditor or class of creditors over any other creditor or class of creditors, but the assignment may recognize the existence of preferences to which creditors are otherwise entitled.
Frequently Asked Questions About California § 493.010
What does Public Contract Code - PCC § 493.010 cover?
Section 493.010 ("As used in this chapter,") is part of the Public Contract Code - PCC, the codified statutory law of California. It sets out the legal rule or procedure described in the text above. Statutes are amended regularly, so always verify against the official source.
How do I cite California § 493.010?
A common citation format is "Public Contract Code - PCC § 493.010" (California). Legal writing may require the code abbreviation, section number, and year or edition. Match the style required by your court, professor, or publisher.
Is this the official text of California law?
No. This page is for research and education and may not include the most recent amendments. For official current law, check the California official source linked on this page or consult a licensed California attorney.
How does California § 493.010 apply to my situation?
Statutes are interpreted in context, and application depends on your specific facts. Only a licensed attorney in California can advise on how this section applies to you. Contact your state or local bar association for a referral.
Sources & Verification
Not legal advice. Verify against the official source and consult a licensed attorney in California.