Added by Stats. 1982, Ch. 1364, Sec. 2. Operative July 1, 1983, by Sec. 3 of Ch. 1364.
The third person shall file the undertaking to release property with the levying officer, together with two copies of the undertaking:
(a)At the time the third person files a third-party claim pursuant to Chapter 2 (commencing with Section 720.110) or Chapter 3 (commencing with Section 720.210).
(b)If the third person has previously filed a third-party claim to the property, at any time before the levying officer does any of the following:
(1)Sells the
property.
(2)Delivers possession of the property to the creditor.
(3)Pays proceeds of collection to the creditor.
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