Amended by Stats. 1993, Ch. 219, Sec. 145. Effective January 1, 1994.
Article 2 - Order for Deposit of Assets
California Family Code — §§ 4610-4617
Sections (8)
Enacted by Stats. 1992, Ch. 162, Sec. 10. Operative January 1, 1994.
In a proceeding under this chapter, an obligor-parent shall rebut both of the following presumptions:
Enacted by Stats. 1992, Ch. 162, Sec. 10. Operative January 1, 1994.
An obligor-parent alleged to be in arrears may use any of the following grounds as a defense to the motion filed pursuant to this article or as a basis for filing a motion to stop a sale or use of assets under Section 4631:
Enacted by Stats. 1992, Ch. 162, Sec. 10. Operative January 1, 1994.
The court shall not issue an order pursuant to this article unless the court determines that one or more of the following conditions exist:
payment of the support obligation, due to circumstances including, but not limited to, multiple concurrent or consecutive employers.
Amended by Stats. 1993, Ch. 219, Sec. 146. Effective January 1, 1994.
The designation of assets subject to an order pursuant to this article shall be based upon concern for maximizing the liquidity and ready conversion into cash of the deposited asset. In all instances, the assets shall include a sum of money up to or equal in value to one year of support payments or six thousand dollars ($6,000) whichever is less, or any other assets, personal or real, designated by the court which equal in value up to one year of payments for support of the child, or six thousand dollars ($6,000), whichever is less, subject to Section 703.070 of the Code of Civil Procedure.
Enacted by Stats. 1992, Ch. 162, Sec. 10. Operative January 1, 1994.
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.
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.