California § 720.550 - If the secured party or lienholder does not file a third-party claim with the lev
Full text of California Public Contract Code - PCC § 720.550 — If the secured party or lienholder does not file a third-party claim with the lev, with citation guidance and answers to common questions.
§ 720.550. If the secured party or lienholder does not file a third-party claim with the lev
(a) If the secured party or lienholder does not file a third-party claim with the levying officer pursuant to Chapter 3 (commencing with Section 720. 210) within 30 days after service of the demand, the secured party or lienholder shall be deemed to have waived any priority the security interest or lien may have over the creditorâs lien on the personal property levied upon and the property may be applied toward the satisfaction of the judgment free of the security interest or lien. (b) If the secured party or lienholder is deemed to have waived any priority over the creditorâs lien pursuant to subdivision (a) and the creditorâs lien on the personal property is released, the security interest or lien is restored to its former position of priority.
Source: official California text · Last verified 2026-08-27
Frequently Asked Questions About California § 720.550
What does Public Contract Code - PCC § 720.550 cover?
Section 720.550 ("If the secured party or lienholder does not file a third-party claim with the lev") 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 § 720.550?
A common citation format is "Public Contract Code - PCC § 720.550" (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 § 720.550 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.