California Codes, Civil Code - CIV, Division 4 — General Provisions, Part 2 — Special Relations of Debtor and Creditor, Title 2 — Void and Voidable Transfers and Undertakings, Chapter 3 — Undertaking in Voidable Transfer Action, Section 3447
The undertaking shall be conditioned that, if it is determined in the action that the transfer or obligation was voidable as to the creditor, the transferee will pay to the creditor the lesser of the following amounts:
(a) The value of the property or obligation as estimated in the undertaking.
(b) The amount determined in the action to be due and owing to the creditor by the person who transferred the property or incurred the obligation.
Notes
Requires an undertaking to promise that, if the challenged transfer or obligation is held voidable as to the creditor, the transferee will pay the lesser of the property or obligation value estimated in the undertaking and the amount determined in the action to be due to the creditor from the original transferor or obligor.
Use as reference
Lexinter.net | California Code, Civil Code - CIV § 3447 | https://laws.lexinter.net/codes/california/civil-code/division-4/part-2/title-2/chapter-3/section-3447