Amended by Stats. 2022, Ch. 82, Sec. 4. (AB 2245) Effective January 1, 2023.
For purposes of this chapter, the following definitions apply:
(a)“Determination of value” means a court order determining the fair market value of the property under Section 874.316 or 874.320 or adopting the valuation of the property agreed to by all cotenants.
(b)“Partition by sale” means a court-ordered sale of the entire property, whether by auction, sealed bids, or open-market sale conducted under Section 874.320.
(c)“Partition in kind” means the division of
property into physically distinct and separately titled parcels.
(d)“Record” means information that is inscribed on a tangible medium or that is stored in an electronic or other medium and is retrievable in perceivable form.
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