California CodesCivil Code - CIVDivision 3 — ObligationsPart 1 — Obligations in GeneralTitle 4 — Extinction of ObligationsChapter 5 — Novation [1530 – 1533]Section 1531
Novation is made:
1. By the substitution of a new obligation between the same parties, with intent to extinguish the old obligation;
2. By the substitution of a new debtor in place of the old one, with intent to release the latter; or,
3. By the substitution of a new creditor in place of the old one, with intent to transfer the rights of the latter to the former.
Notes
Defines novation as replacing an existing obligation with a new one between the same parties intending to extinguish the old obligation, substituting a new debtor while releasing the old debtor, or substituting a new creditor with intent to transfer the former creditor’s rights to the new creditor.
Use as reference
Lexinter.net | California Code, Civil Code - CIV § 1531 | https://laws.lexinter.net/codes/california/civil-code/division-3/part-1/title-4/chapter-5/section-1531