California Code of Civil Procedure 699.720 – (a) The following types of property are not subject to …
(a) The following types of property are not subject to execution:
(1) An alcoholic beverage license that is transferable under Article 5 (commencing with Section 24070) of Chapter 6 of Division 9 of the Business and Professions Code.
Terms Used In California Code of Civil Procedure 699.720
- Annuity: A periodic (usually annual) payment of a fixed sum of money for either the life of the recipient or for a fixed number of years. A series of payments under a contract from an insurance company, a trust company, or an individual. Annuity payments are made at regular intervals over a period of more than one full year.
- Appeal: A request made after a trial, asking another court (usually the court of appeals) to decide whether the trial was conducted properly. To make such a request is "to appeal" or "to take an appeal." One who appeals is called the appellant.
- Beneficiary: A person who is entitled to receive the benefits or proceeds of a will, trust, insurance policy, retirement plan, annuity, or other contract. Source: OCC
- creditor: means the state or the department or agency of the state seeking to collect the liability. See California Code of Civil Procedure 688.040
- debtor: means the debtor from whom the liability is sought to be collected. See California Code of Civil Procedure 688.040
- Partnership: A voluntary contract between two or more persons to pool some or all of their assets into a business, with the agreement that there will be a proportional sharing of profits and losses.
- Property: includes both personal and real property. See California Code of Civil Procedure 17
- Remainder: An interest in property that takes effect in the future at a specified time or after the occurrence of some event, such as the death of a life tenant.
(2) The interest of a partner in a partnership or member in a limited liability company if the partnership or the limited liability company is not a judgment debtor.
(3) A cause of action that is the subject of a pending action or special proceeding.
(4) A judgment in favor of the judgment debtor prior to the expiration of the time for appeal from the judgment or, if an appeal is filed, prior to the final determination of the appeal.
(5) A debt (other than earnings) owing and unpaid by a public entity.
(6) The loan value of an unmatured life insurance, endowment, or annuity policy.
(7) A franchise granted by a public entity and all the rights and privileges of the franchise.
(8) The interest of a trust beneficiary.
(9) A contingent remainder, executory interest, or other interest in property that is not vested.
(10) Property in a guardianship or conservatorship estate.
(b) Nothing in subdivision (a) affects or limits the right of the judgment creditor to apply property to the satisfaction of a money judgment pursuant to any applicable procedure other than execution.
(Amended by Stats. 1996, Ch. 57, Sec. 1. Effective June 6, 1996.)