California Codes, Civil Code - CIV, Division 4 — General Provisions, Part 2 — Special Relations of Debtor and Creditor, Title 1 — General Principles, Section 3430

A creditor, within the meaning of this Title, is one in whose favor an obligation exists, by reason of which he is, or may become, entitled to the payment of money.

Notes

Defines creditor, for purposes of the title, as a person in whose favor an obligation exists that makes the person entitled, or potentially entitled, to receive payment of money. The definition therefore includes both present and contingent entitlement to payment arising from an existing obligation owed in the creditor’s favor.

Use as reference

Lexinter.net | California Code, Civil Code - CIV § 3430 | https://laws.lexinter.net/codes/california/civil-code/division-4/part-2/title-1/section-3430

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