California CodesCivil Code - CIVDivision 3 — ObligationsPart 1 — Obligations in GeneralTitle 3 — Transfer of ObligationsSection 1458
A right arising out of an obligation is the property of the person to whom it is due, and may be transferred as such.
Notes
Defines a right arising from an obligation as property belonging to the person to whom the right is due and allows that right to be transferred as property. The provision treats the benefit of an obligation as a transferable property interest held by its beneficiary.
Use as reference
Lexinter.net | California Code, Civil Code - CIV § 1458 | https://laws.lexinter.net/codes/california/civil-code/division-3/part-1/title-3/section-1458