Legal Question in Securities Law in California

locating codes

A new law was passed that states no person can be deprived of all of their life's possessions (home,life savings)from a securities case or etc.. Question is what is the jurisdiction of that code, federal, or state ? , also the number of the code ?.

A law states that all business, agency's, cooperations, etc. are liable for their rules, procedures & laws must be enforced through their arbitration hearing process. If they don't they are liable and must pay 1.7% of all their earnings. Question is what is the jurisdiction

of that code (federal,state)?. Also the number of the code ?.

Thank you for your cooperation. 4-6,2006


Asked on 4/06/06, 6:13 pm

1 Answer from Attorneys
Bryan Whipple Bryan R. R. Whipple, Attorney at Law

Re: locating codes

The first law you describe sort of resembles the statutory exemptions of certain property from levy under a writ of execution to satisfy a money judgment. The California law is found in the Code of Civil Procedure at sections 703.010 to 704.210. There is also a homestead exemption described in section 704.710 - 704.870, and some related laws in preceding and following sections. Warning: the automatic and claimable exemptions are rather technical and not easy for an inexperienced person to use without some legal advice. There are similar provisions in federal bankruptcy law, and the California law is coordinated and cross-referenced to some degree with the bankruptcy codes.

As to the law or group of laws you ask about in the second part of your question, this is not familiar to me, and although I suppose there must be some factual basis for your question, my hunch is that you have your facts so mixed up that a lawyer probably wonn't be able to identify the law you're talking about.

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Answered on 4/06/06, 9:09 pm


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