The undertaking shall be conditioned that, if it is determined in the action that the transfer or obligation was voidable as to the creditor, the transferee will pay to the creditor the lesser of the following amounts: (a) The value of the property or obligation as estimated in the undertaking. (b) The amount determined in the action to be due and owing to the creditor by the person who transferred the property or incurred the obligation.
‹ Prev All California sections Next ›
Lexace provides legal information, not legal advice, and no attorney–client relationship is created. Statute text is provided for general information and may not reflect the most recent amendments; verify against the official state code.