California Codes, Code of Civil Procedure - CCP, Part 2 — Of Civil Actions, Title 9 — Enforcement of Judgments, Division 2 — Enforcement of Money Judgments, Chapter 3 — Execution, Article 4 — Methods of Levy, Section 700.120
To levy upon a negotiable document of title, the levying officer shall:
(a) If the negotiable document of title is in the possession of the judgment debtor, take the negotiable document of title into custody.
(b) If the negotiable document of title is in the possession of a third person, personally serve a copy of the writ of execution and a notice of levy on the third person.
Notes
Requires levy on a negotiable document of title by taking the document into custody when it is possessed by the judgment debtor. If a third person possesses the document instead, the levying officer must personally serve that third person with the execution writ and notice of levy.
Use as reference
Lexinter.net | California Code, Code of Civil Procedure - CCP § 700.120 | https://laws.lexinter.net/codes/california/code-of-civil-procedure/part-2/title-9/division-2/chapter-3/article-4/section-700-120