Jeng-Cheng Ho v. Shih-Ming Hsieh

Opinion

KRIEGLER, J.

—A judgment creditor brought an action under California Uniform Commercial Code section 8112 to reach shares of stock owned by the judgment debtor and his wife to satisfy a money judgment. The debtor surrendered his stock certificate to the trial court. The debtor’s wife argued that shares in her name were her separate property. The trial court found that the shares had no value, yet ordered the shares transferred directly to the creditor with no reduction in the outstanding judgment. If the debtor’s wife failed to transfer her shares, her shares were to be cancelled and…