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HomeFinancial CodeDiv. 1Ch. 1§ 123 Property Definitions Reference

§ 123 Property Definitions Reference

Financial Code·California
AI Summary·Official Text·Key Terms·Related Statutes·References
AI SummaryVerified

§ 123 Property Definitions Reference

This law says that the words “real property” and “personal property” mean whatever the Civil Code says they mean, and you have to use those definitions.

Key Takeaways

  • •The meanings of “real property” and “personal property” are set in the Civil Code.
  • •You must follow those definitions whenever the terms are used.
  • •The law doesn’t give new definitions; it just points you to the Civil Code.

Example

Someone argues that a backyard shed is part of the land (real property) or just a piece of stuff you can move (personal property).

To decide, you look up the definitions of “real property” and “personal property” in the Civil Code and use those meanings.

AI-generated — May contain errors. Not legal advice. Always verify source.

Official Source
View on CA.gov

§ 123 Property Definitions Reference

“Real property” and “personal property” have the meanings defined in and shall be construed in accordance with Title 1 (commencing with Section 654) of Part 1 of Division 2 of the Civil Code. (Added by Stats. 2011, Ch. 243, Sec. 2. (SB 664) Effective January 1, 2012.)

Last verified: January 10, 2026

Key Terms

real propertypersonal propertyTitle 1Civil Code

Related Statutes

  • § 17005.1 Construction Payment Agents
  • § 18040 Industrial Loan Company Real Property
  • § 18041 Industrial Loan Property Sales
  • § 18043 Industrial Loan Property Conveyance
  • § 22018 Pace Program Administrator Definition

References

  • Official text at leginfo.legislature.ca.gov
  • California Legislature. Financial Code. Section 123.
View Official Source