California Court of Appeal October 30, 1987, G004420 (Taylor v. Bouissiere)

Opinion

TAYLOR, J

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This appeal raises a question apparently of first impression in California: Whether a security assignment of a leasehold interest is a security interest in real property within the meaning of Code of Civil Procedure section 726,

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thereby invoking the “one action” rule requiring a creditor to first exhaust the security before seeking a personal judgment.