There is a newer version of the California Code
2013 California Code
Civil Code - CIV
DIVISION 2. PROPERTY
PART 2. REAL OR IMMOVABLE PROPERTY
TITLE 5. MARKETABLE RECORD TITLE
CHAPTER 4. Unexercised Options
884.020
CA Civ Code § 884.020 (2013) What's This?
Upon the expiration of record of an option to purchase real property, the recorded instrument that creates or gives constructive notice of the option ceases to be notice to any person or to put any person on inquiry with respect to the exercise or existence of the option or of any contract, conveyance, or other writing that may have been executed pursuant to the option.
(Added by Stats. 1982, Ch. 1268, Sec. 1.)
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