California Family Code 4616 – Upon deposit of an asset which is not readily convertible into money, …
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Upon deposit of an asset which is not readily convertible into money, the court may, after a hearing, order the sale of that asset and the deposit of the proceeds with the deposit holder. Not less than 20 days written notice of the hearing shall be served on the obligor-parent.
(Enacted by Stats. 1992, Ch. 162, Sec. 10. Operative January 1, 1994.)
Terms Used In California Family Code 4616
- Deposit holder: as used in this chapter means the district attorney, county officer, or trustee designated by the court to receive assets deposited pursuant to this chapter to secure future support payments. See California Family Code 4601
- order: include a decree, as appropriate under the circumstances. See California Family Code 100