California Codes, Civil Code - CIV, Division 3 — Obligations, Part 4 — Obligations Arising from Particular Transactions, Title 4 — Loan, Chapter 4 — Shared Appreciation Loans of E.R.I.S.A. Pension Funds, Article 6 — General Provisions, Section 1917.060
The relationship of the borrower and the lender, as to a shared appreciation loan, is that of debtor and creditor and shall not be, or be construed to be, a joint venture, equity venture, partnership, or other relationship.
Notes
Defines the relationship between borrower and lender on a shared appreciation loan as debtor and creditor. Bars that relationship from being, or being construed as, a joint venture, equity venture, partnership, or any other relationship, limiting the legal characterization of the parties to debtor and creditor for the shared appreciation loan.
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Lexinter.net | California Code, Civil Code - CIV § 1917.060 | https://laws.lexinter.net/codes/california/civil-code/division-3/part-4/title-4/chapter-4/article-6/section-1917-060