California Family Code 4615 – In lieu of depositing cash or other assets as provided in Section …
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In lieu of depositing cash or other assets as provided in Section 4614, the obligor-parent may, if approved by the court, provide a performance bond secured by real property or other assets of the obligor-parent and equal in value to one year of payments.
(Enacted by Stats. 1992, Ch. 162, Sec. 10. Operative January 1, 1994.)
Terms Used In California Family Code 4615
- Assets: (1) The property comprising the estate of a deceased person, or (2) the property in a trust account.
- Real property: Land, and all immovable fixtures erected on, growing on, or affixed to the land.