Civil Code - CIV - CIV § 3080.19

Summary

(a) A sale of livestock held pursuant to this chapter shall: (1) Transfer to a purchaser for value all of the owner’s rights in the livestock; and (2) Discharge the lien under which the sale is made and any lien or security interest subordinate thereto. (b) The purchaser shall ta

Text

(a)
A sale of livestock held pursuant to this chapter shall:
(1)
Transfer to a purchaser for value all of the owner’s rights in the livestock; and
(2)
Discharge the lien under which the sale is made and any lien or security interest subordinate thereto.
(b)
The purchaser shall take free of all such subordinate rights and interests even though the lienholder fails to comply with the requirements of this chapter or of any judicial proceeding if:
(1)
In the case of a public sale, the purchaser has no knowledge of any defects in the sale and does not buy in collusion with the lienholder, other bidders or the person conducting the sale; or
(2)
In any other case, the purchaser acts in good faith.

Retrieval chunks

• #1 | Civil Code - CIV - CIV § 3080.19

  (a) A sale of livestock held pursuant to this chapter shall: (1) Transfer to a purchaser for value all of the owner’s rights in the livestock; and (2) Discharge the lien under which the sale is made and any lien or security interest subordinate thereto. (b) The purchaser shall take free of all such subordinate …