There is a newer version
of
this Section
2021 California Code
Code of Civil Procedure - CCP
PART 3 - OF SPECIAL PROCEEDINGS OF A CIVIL NATURE
TITLE 7 - EMINENT DOMAIN LAW
CHAPTER 10 - Divided Interests
ARTICLE 4 - Future Interests
Section 1265.420.
Universal Citation: CA Civ Pro Code § 1265.420 (2021)
1265.420.
Where property acquired for public use is subject to a life tenancy, upon petition of the life tenant or any other person having an interest in the property, the court may order any of the following:
(a) An apportionment and distribution of the award based on the value of the interest of life tenant and remainderman.
(b) The compensation to be used to purchase comparable property to be held subject to the life tenancy.
(c) The compensation to be held in trust and invested and the income (and, to the extent the instrument that created the life tenancy permits, principal) to be distributed to the life tenant for the remainder of the tenancy.
(d) Such other arrangement as will be equitable under the circumstances.
(Added by Stats. 1975, Ch. 1275.)
Disclaimer: These codes may not be the most recent version. California may have more current or accurate information. We make no warranties or guarantees about the accuracy, completeness, or adequacy of the information contained on this site or the information linked to on the state site. Please check official sources.
This site is protected by reCAPTCHA and the Google
Privacy Policy and
Terms of Service apply.
