California Codes, Code of Civil Procedure - CCP, Part 2 — Of Civil Actions, Title 9 — Enforcement of Judgments, Division 2 — Enforcement of Money Judgments, Chapter 4 — Exemptions, Article 3 — Exempt Property, Section 704.235

(a) A one-time lump-sum payment made from a HOPE trust account, as defined in subdivision (a) of Section 18997.51 of the Welfare and Institutions Code, shall be exempt without making a claim, except as provided in subdivision (b).

(b) A one-time lump-sum payment described in subdivision (a) is not exempt from a levy in connection with child support, spousal support, family support, or a criminal restitution.

(c) A financial institution that receives a payment described in subdivision (a) directly from the state shall treat the payment as exempt from levy if it is designated “HOPE trust account payment” or if the payment is otherwise sufficiently identified to inform the financial institution that the payment is a HOPE trust account payment.

Notes

Exempts a one-time lump-sum HOPE trust account payment without a claim, except from levies for child support, spousal support, family support, or criminal restitution. A financial institution receiving the payment directly from the state must treat it as exempt when designated “HOPE trust account payment” or otherwise sufficiently identified.

Use as reference

Lexinter.net | California Code, Code of Civil Procedure - CCP § 704.235 | https://laws.lexinter.net/codes/california/code-of-civil-procedure/part-2/title-9/division-2/chapter-4/article-3/section-704-235

Disclaimer: Codes available on Lexinter may not reflect the most current laws in your jurisdiction. We make no warranties regarding the accuracy, completeness, or adequacy of the information provided. Always verify the status of any code with your state legislature or official government sources before relying on it for legal purposes.