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2017 California Code
Financial Code - FIN
DIVISION 8 - PAWNBROKERS
CHAPTER 1 - General Provisions
ARTICLE 1 - Definitions
Section 21002.
Universal Citation: CA Fin Code § 21002 (2017)
21002.
(a) As used in this division, “pledged property” is property held as security for a loan, the title to which remains with the pledgor and has not passed to the pawnbroker pursuant to Section 21201.
(b) “Vested property” is property the title to which has been transferred from the pledgor to the pawnbroker pursuant to Section 21201. Vested property is not pledged property.
(Added by Stats. 1983, Ch. 1128, Sec. 1.)
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