1 By the present action, plaintiff sought to have the transfer of the security interest set aside in its entirety pursuant to the authority of former section 5127 and Droeger v. Friedman, Sloan & Ross (1991) 54 Cal.3d 26 [283 Cal.Rptr. This court concluded that the wife was entitled to set aside the unilateral transfer, pursuant to former section 172a of the Civil Code. 19. While the merger--first announced on Aug. 12--creates a powerful banking behemoth with nearly $200 billion in assets, it also leaves the banks leaders with the daunting task of meshing over the next 18 months the staffs of two longtime rivals. SECURITY PACIFIC FINANCIAL SERVICES OF GRANITE STATE INC. was registered on Oct 06, 1967 as a stock type company The agent name of this company is: C T CORPORATION SYSTEM , and company's status is listed as Merged now. (See Mitchell v. American Reserve Ins. ), Under these provisions, all of the community property of plaintiff and Lezine was liable for the debts incurred by Lezine during the marriage, including the loan obligations owing to Guardian and Security Pacific. That statute provided in relevant part: "(a) Notwithstanding any other provision of this article, after division of community and quasi-community property pursuant to Section 4800: [] [] (2) The separate property owned by a married person at the time of the division and the property received by the person in the division is not liable for a debt incurred by the person's spouse before or during marriage, and the person is not personally liable for the debt, unless the debt was assigned for payment by the person in the division of the property. The SECURITY PACIFIC FINANCE trademark was assigned an Application Number # 445168 by the Australia Intellectual Property Office (IP Australia). (Italics added. There is no principled basis for treating the formerly secured creditor, who originally obtained its security interest in good faith, less favorably than any other unsecured creditor, with respect to the ability to resort to community real property to satisfy a money judgment for which the community is liable. Opening by Appellant Security Pacific [Faxed Copy], Appellant, Security Pacific as requested by Court, Respondent's Supplemental brief on the merits, Applnt's Supplemental reply [Security Pacific'S], Cause Called and Argued (not yet submitted), Opinion filed: Judgment affirmed in full. The judgment of the Court of Appeal is affirmed. Buoyed by its vast natural resources and human capital, he says a united vision for Africa will help develop Africa's bread baskets and deliver a future with food security for all. 30.) Nystrom Elementary School. Both BankAmerica and Security Pacific sought to downplay the official marking of the merger. Public Finance management (PFM) is often represented through the budget cycle with planning, implementation and reporting phases. Neither Guardian nor Security Pacific was awarded any relief against plaintiff personally. Thus, the creditor who loses its security interest under former section 5127 retains the rights of any other unsecured creditor to resort to the community real property for satisfaction of the underlying debt. Atlantic Pacific Financial. The entity number is 118879. Nevertheless, the purpose of the statute is served-the unauthorized direct transfer is cancelled, and both spouses retain full management and control of the property. (See Recommendation Relating to Liability of Marital Property for Debts (Jan. 1983) 17 Cal. (Droeger, supra, 54 Cal.3d at p. For these reasons, we conclude that neither former section 5127 nor Droeger carves out an exception to the rules governing the liability of community real property for enforcement of a money judgment against a debtor spouse, or the enforceability of a judgment lien that has attached to community real property for satisfaction of a money judgment. Likewise, Smiths BankAmerica counterpart, Richard M. Rosenberg, who will serve as chief executive of the bank, held no special celebration Tuesday at his San Francisco office. (Superior Court of Los Angeles County, No. Francis J. Cunningham III, M. Michele Lines and Douglas H. Riegelhuth for Defendant and Appellant. We recognize that our holding effectively may nullify in substantial part the relief afforded under former section 5127 when the unilateral transfer is a security interest for the repayment of a debt. 41.) SECURITY PACIFIC FINANCE CORP. has been set up 7/17/1950 in state FL. The Court of Appeal further concluded that, under Family Code section 916, the award of the Halm Avenue property to plaintiff as her separate property did not affect the enforceability of the judgment lien; accordingly the trial court lacked authority to extinguish the judgment lien in favor of Security Pacific. Security Concepts and Strategic Design, Inc. SECURITY PACIFIC FINANCIAL SERVICES OF GEORGIA, INC. (MERGED 12/31/90). Thereafter, in seeking refinancing to retire the equitable lien in favor of Guardian, plaintiff discovered the two abstracts of judgment that had been recorded by Guardian and Security Pacific and that appeared as liens encumbering title to the residence. Indexed data from April, 1991; Scanned images from January, 1984; Rank County Recorded Instrument Type Book Page(s) Grantor Grantee Legal Description Images; 1: Garvin: 10/01/1992: 1992-006619: RELEASE: 001339: As explained previously, under former section 5120.160 of the Civil Code the allocation of community real property to the nondebtor spouse in the property division does not affect the [14 Cal.4th 74] enforceability of any liens that previously attached to that real property, even if the underlying debt is assigned exclusively to the debtor spouse. This case concerns whether a third party creditor may enforce, against property awarded to one spouse, a judgment lien against the other spouse after a deed of trust encumbering the same property in favor of the same creditor had been specifically voided by the trial court as a violation of Family Code section 1102. In the event Security Pacific satisfies the judgment by enforcement of the lien, plaintiff [14 Cal.4th 66] has a right of reimbursement against Lezine to the extent of the property applied. Elementary Middle High Private. Pacific City Bank pays $98,144 per year on average compared to Soundview Financial Credit Union, which pays $136,022. Security Pacific Financial Services Employees The issue for [14 Cal.4th 60] our determination is whether the trial court exceeded its authority in extinguishing Security Pacific's judgment lien encumbering the Halm Avenue property. The SECURITY PACIFIC FINANCE CORP. OF FLORIDA principal address is 10103 CARROLL CANYON ROAD, SAN DIEGO, CA, 92131. FN 2. Mr. Smith, 55, had already been chief executive officer of the $83 billion-asset corporation. If the creditor obtains a judgment for the amount of the debt when the security interest is set aside and records an abstract of judgment, the security interest will be converted into a judgment lien encumbering the community real property. Meanwhile you can send your letters to 10103 CARROLL CANYON ROAD, SAN DIEGO, CA, 92131. Sponsored 731, 743, fn. 5. Thereafter, plaintiff learned of the two deeds of trust that newly encumbered the Halm Avenue property. FN 8. Co., supra, 122 Cal.App. Investment Securities Stock & Bond Brokers. * * Loan ranges vary by state. Security Pacific Finance Corporation is primarily engaged in Unclassified Establishments. The company`s management are President, Director - Kennedy Hugh S, Vice President - Andren Warren D, Vice President, Treasurer - Lowe Peter E. The last significant event in the company history is MERGER which is dated by 12/31/1980. Security Pacific Finance General Information. (Code Civ. BankAmericas last major hurdle came with the surprise announcement Tuesday that it would sell 49 branches in Arizona, as required for antitrust reasons, to the newly formed Independent Bancorp of Arizona, organized mainly by former Postmaster General Anthony M. Frank and longtime banking executive Richard W. Decker Jr. Investors include former Baseball Commissioner Peter V. Ueberroth, as well as institutional investors that include major pension funds, Frank said. . Droeger [14 Cal.4th 71] overruled Mitchell to the extent that the latter decision held that the remedy available to the nonconsenting spouse was limited to a set-aside of that spouse's one-half interest. Former section 5127 provided in pertinent part that "either spouse has the management and control of the community real property but both spouses either personally or by duly authorized agent, must join in executing any instrument by which such community real property or any interest therein is leased for a longer period than one year, or is sold, conveyed, or encumbered ." fn. Industry executives and analysts said that the bank must especially work to make sure that hostile camps of former BankAmerica and Security Pacific employees dont form, something that often happens in mergers. On November 8, 1989, Lezine forged plaintiff's signature on a quitclaim deed, and the signature falsely was notarized by a notary public. Year Founded. Thereafter, as part of the division of property in the parties' marital dissolution proceeding, the Halm Avenue property was awarded to plaintiff as her sole and separate property. Our determination of this issue requires that we review the nature of the equitable relief that may be afforded under former section 5127, including any conditions to that relief, such as restitution of consideration paid for the transfer that is set aside. Proc., 704.910 et seq.) Security & Inheritance Finacial Services LLC. Shaping up in the next few years is a battle among several powerful banks outside New York, among them Bank of America, Ohios Banc One and North Carolinas NationsBank, that are moving quickly toward becoming the countrys first true nationwide banks. There are 3 director records in this entity. fn. The bank has rapidly expanded across the West, most recently by buying the failed Sunbelt Savings in Dallas. These companies are located in Charleston WV, Cleveland OH, Denver CO, Detroit MI, Jackson MS, Madison WI, Mpls MN, Oklahoma City OK, Plantation FL, Salt Lake City UT, San Diego CA, Washington DC, and Wilmington DE. Majority Opinion by George, C.J. Those ATMs better work tomorrow, joked bank analyst Thomas K. Brown of Donaldson, Lufkin & Jenrette. "The fact that the wife derived no benefit from the transaction and that the husband expended the whole of the proceeds for his own sole benefit did not change the complexion of the property. Yelp is a fun and easy way to find, recommend and talk about what's great and not so great in Glen Burnie and beyond. The enactment of former section 172a reflected the evolution of community property law in recognizing the wife's equal status, and a legislative intent to protect the innocent spouse against an unauthorized transfer of community real property by the other spouse. Your search: "SECURITY PACIFIC FINANCIAL SERVICES " Monitor. The entity's status is Dissolved now. Security Pacific Finance Corp. is business registered with West Virginia, Secretary of State (SOS), Business Division. Our holding is without prejudice to the right of plaintiff to seek a reallocation of the community property as to which the court in the marital dissolution proceeding retained jurisdiction. 6 The statutory provision requiring that both spouses join in the execution of any instrument transferring an interest in real property first appeared in former section 172a of the Civil Code (Stats. The three largest cloud providers in the world Amazon Web Services, Google and Microsoft, have all released their financial earnings for the quarter spanning from July to September. 311.) 760], disapproved on other grounds in Droeger v. Friedman, Sloan & Ross, supra, 54 Cal.3d at p. SECURITY PACIFIC FINANCIAL SERVICES INC. branch Company Number 0051595 Previous Company Numbers F082110 Status Withdrawn Incorporation Date 29 December 1980 (almost 42 years ago) Dissolution Date 6 November 1997 Company Type Foreign Profit Corporation Jurisdiction Vermont (US) Branch Branch of California (US) company Registered Address SECURITY PACIFIC FINANCIAL SERVICES OF CALIFORNIA INC. was registered on Jul 26 1995 as a foreign profit corporation type with the address ATTN: TAX DEPT #24400 10089 WILLOW CREEK RD, SAN DIEGO, CA, 92131, USA . There are 16 companies that go by the name of Security Pacific Finance Corp.. [3a] Under these rules, if a valid judgment lien in favor of Security Pacific attached to the Halm Avenue property before it was awarded to plaintiff as her sole and separate property, plaintiff received the property subject to the lien, and the property remained liable for satisfaction of the lien, even though the underlying debt was assigned to Lezine. On March 6, 1992, the trial court in the present action, following a court trial, entered judgment in favor of plaintiff on the complaint, declaring the deeds of trust void and canceled in their entirety under authority of Droeger v. Friedman, Sloan & Ross, supra, 54 Cal.3d 26. First Family Financial Services; Security Pacific Consumer Discount Company; Security Pacific Finance Credit Corp; Washington Mutual Finance; Self print Auto No Interest lien release letter. Description. It is no longer in business and is not actively tracked by PitchBook. Although a spouse may be required to reimburse the community for the misuse of community assets (see, e.g., Fam. all persons who, within three years prior to june 6, 1994, entered into a loan with security pacific financial services, inc. (" security pacific" ) for purposes other than acquiring or building a residence (as indicated by the loan file) which security pacific documented as a consumer credit transaction, secured by the person's principal When plaintiff later discovered the recorded abstract of judgment, she moved for clarification of the judgment in the present action, and the trial court ruled that the abstract of judgment "shall not constitute [a lien]" on the Halm Avenue property. Instead, as reflected in Code of Civil Procedure section 695.020, the Legislature expressly has established the liability of community real property for the satisfaction of money judgments rendered against either spouse, including the nondebtor spouse's one-half community interest. "This solution would entail no violation of community property management principles, as either spouse may unilaterally incur a debt for which the community is liable." Company Summary. The bank is expected to begin closing some California branches and merging them with nearby branches starting in September. (Fam. Security Pacific Bank Security Pacific National Bank ( SPNB) was a large U.S. bank headquartered in Los Angeles, California. Security Pacific Financial Services has estimated annual revenues of $110,000.00 and also employs an estimated 2 employees. 3 Great Resources to Kick-Start Your Financial Planning Career . In one early decision involving a unilateral transfer made in violation of former section 172a of the Civil Code (the predecessor to former section 5127), the court held that, although the transfer was voidable by the nonconsenting wife, the third party innocent purchaser, without knowledge of the marriage, was entitled to restoration of the purchase price from the community. In 1989, the Halm Avenue property was encumbered by a deed of trust in favor of San Clemente Savings and Loan Association (San Clemente Savings), and a deed of trust in favor of Imperial Thrift. SECURITY PACIFIC FINANCE BUSINESS CENTER INC. (WITHDREW 022789) was registered on May 26 1983 as a foreign profit corporation type with the address 10089 WILLOW CREEK RD, SAN DIEGO, CA, 92131-1603, USA. For the reasons set forth hereafter, we conclude that the setting aside of a security interest in community real property pursuant to former section 5127, in and of itself, does not cancel the underlying obligation or the liability of the community real property for satisfaction of that obligation. Petition for review after the Court of Appeal reversed a judgment in a civil action. In 1969, former section 172a of the Civil Code became part of the Family Law Act as section 5127 (Stats. (Id. (Civ. The court reasoned that any lesser relief would contravene principles of equal management and control of community property, and the fundamental premise that neither spouse acting alone may partition the community estate during the marriage. Commitment Size. This court held that, because the husband's consent was required under former section 5127 to effect the encumbrance, he was entitled to invalidate the encumbrance in its entirety, and was not limited to setting aside the transfer only with respect to his one-half community interest. Each of Security Pacifics 128.3 million shares will be swapped for 0.88 of a BankAmerica share, which traded at $45 yesterday. It is time to Drop the Debt Jaime Atienza and Charles Birungi | Africa COP27: The Pacific Region is Under Threat: We Must Act Now to Mobilise Climate Finance Labanya Prakash Jena | opinion | Asia-Pacific Thus, the liability of community property is not limited to debts incurred for the benefit of the community, but extends to debts incurred by one spouse alone exclusively for his or her own personal benefit. Over the past 37 years, Rail Management Services has grown into one of the largest suppliers of intermodal ramp services in the United States handling . $1,400,000 Active 0 bds 0 ba 0 sqft. 1301 N Jefferson St. Anaheim, CA 92807. In reaching this conclusion, the court first noted "the difficulty of protecting the expectancy of the innocent wife and at the same time of safeguarding the rights of innocent purchasers ." (Mark v. Title Guarantee etc. The trial court therefore exceeded its authority in purporting to extinguish that lien following the division of property. Nothing in this paragraph affects the liability of property for the satisfaction of a lien on the property." [14 Cal.4th 73]. The starting pay for a Information Security Analyst at Pacific City Bank is $71,000 per year, or $34 an hour. fn. SECURITY PACIFIC FINANCE SYSTEM INCORPORATED branch Company Number 1012879 Previous Company Numbers C1012879 Status Surrendered Incorporation Date 24 December 1980 (almost 42 years ago) Company Type FOREIGN STOCK Jurisdiction California (US) Branch Branch of Delaware (US) company Registered Address 300 ST PAUL PL BALTIMORE MD 21202 United States In the present action, Guardian and Security Pacific cross-complained against plaintiff, Lezine, and the notary public, claiming the status of bona fide encumbrancers and seeking declaratory relief, foreclosure of an equitable lien, and indemnity. Approximately $60,000 was advanced to Lezine under the line of credit. SECURITY PACIFIC FINANCE CORP. OF OHIO. 32-33.) Under the foregoing sequence of events, plaintiff argues, she would have received the Halm Avenue property as her sole and separate property prior to the recordation of an abstract of judgment, or the creation of a judgment lien. Business ProfileSecurity Pacific Financial Services Consumer Finance Companies Contact Information 93 S West End Blvd Quakertown, PA 18951-1150 Get Directions (215) 538-7500 Customer. On Tuesday, it surged $2.125 to $39.50 a share. 3131 Macdonald Ave Richmond, CA 94804 Michael Hughey CalDRE: 01099878 . 692.) When the Legislature enacted that statute, it was contemplated that "[i]n allocating the debts to the parties, the court in the dissolution proceeding should take into account the rights of creditors so there will be available sufficient property to satisfy the debt by the person to whom the debt is assigned, provided the net division is equal." Security Pacific Chief Executive Robert H. Smith, who today becomes BankAmericas president and chief operating officer, said he had no special plans to mark the merger and wasnt feeling especially nostalgic as the final hours ticked away. BC002661, Victor E. Chavez, Judge. Additionally, the community property, including the Halm Avenue property, was subject to enforcement of the money judgment against Lezine prior to the property division, unless some contrary rule "otherwise requires" (Code Civ. In addition to the personnel shuffling, blending the corporate cultures is expected to be equally challenging. Once the court presiding over the marital dissolution proceedings had set aside the trust deed, it presumably would have considered the interests of Security Pacific in deciding how to divide the community property and the underlying debt, pursuant to Civil Code former section [14 Cal.4th 75] 5120.160. The Security Pacific Corporation said it had agreed to sell a 50 percent interest in its Japan Security Pacific Finance Company. The business id is 4315. 143, 169, fn. Security Pacific Finance Corporation has not been involved in any patent assignment transactions in the PlainSite database. Pacific Rail Services was founded in 1985. (54 Cal.3d at p. Urging a contrary result, plaintiff maintains that when a security interest in community real property that was transferred unilaterally by a debtor [14 Cal.4th 69] spouse in violation of former section 5127 is canceled, that real property no longer is liable for satisfaction of a money judgment that previously was secured by the deed of trust. The company`s registered agent is C T CORPORATION SYSTEM 8751 W.BROWARD BLVD, PLANTATION, FL, 33324. The 26-page document outlined C$2.3 billion ($1.7 billion) spending, including to boost Canada's military presence and cyber security in the region and tighten foreign investment rules to protect . Wall Street and institutional shareholders expect the bank to move swiftly to cut costs and realize the huge, $1.2-billion-a-year savings the bank has promised to achieve within three years. The entity's status is Dissolved now. Why are some of Southern Californias most expensive properties left completely empty? That this is so seems evident from a consideration of Civil Code [former] section 5116, which provides that 'The property of the community is liable for the contracts of either spouse which are made after marriage.' " (110 Cal.App.3d at p. 223, italics in original.) That statute has been superseded by Family Code section 2602, which provides that, as an offset against the community property, "the court may award, from a party's share, the amount the court determines to have been deliberately misappropriated by the party to the exclusion of the interest of the other party in the community estate.". - Jorge G., Miami, Florida Contact informations Address: PO Box 441733, Miami, FL 33144 Phone: (305) 269-1975 1- (888) 519-2441 Fax: (305) 269-9115 Mosk, J., Kennard, J., Baxter, J., Werdegar, J., Chin, J., and Brown, J., concurred. During his marriage to plaintiff Gloria J. Lezine (plaintiff), Henry Lezine (Lezine) unilaterally transferred a security interest in community real property (the Halm Avenue property) to defendant Security Pacific Financial Services, Inc. (Security Pacific), without the knowledge or consent of plaintiff, in violation of former section 5127 of the Civil Code (hereafter former section 5127). Find information on Security Pacific Finance Corporation, including this business' SIC code(s), NAICS code(s) and General Liabilility Class code(s). Indeed, because California law governing the enforcement of judgments and debts enables a judgment creditor of one spouse to levy execution on community real property, "[i]n effect, one spouse alone can indirectly alienate community realty by incurring an enforceable obligation and refusing to pay it." "The members of this community live under the constant threat of being captured and killed by the Iraqi police, and under total impunity," Rasha Younes, an HRW researcher, denounced in the report. Meanwhile you can send your letters to 10103 CARROLL CANYON ROAD, SAN DIEGO, CA, 92131. Contents 1 History 2 New Security Pacific Bank 3 References 4 External links History [ edit] Security Trust and Savings, Hollywood Blvd., California Rajnath Singh conveyed India's continued advocacy for a free, open, inclusive & rules-based Indo-Pacific and said that India & ASEAN must work together for maritime security in the region. ", Code of Civil Procedure section 697.340, subdivision (a), provides in part: "A judgment lien on real property attaches to all interests in real property in the county where the lien is created that are subject to enforcement of the money judgment against the judgment debtor .". Law Revision Com. Aiman Alsari, Principal Engineer and long-term financial services consultant, has been promoted to Head of Asia Pacific to lead ControlPlane's APAC expansion from New Zealand. fn. A typical day at Security Pacific was a continual learning experience. Security Pacific Finance Credit Corp is a . Last week, Banc One unexpectedly acquired the largest bank in Arizona, Valley National Corp., for $1.2 billion, setting the stage for head-to-head competition between two of the most closely watched banks in the United States. In response to the Droeger decision, the Legislature in 1992 enacted former sections 4372 and 4373 of the Civil Code, providing procedures for the encumbrance of a spouse's interest in community real property in order to pay attorney fees in actions under the Family Law Act. ), Under California's judgment lien law, a judgment creditor's recordation of an abstract of judgment creates a judgment lien that attaches to all real [14 Cal.4th 65] property situated in the county in which the judgment is recorded and that otherwise is subject to enforcement of the money judgment against the debtor. In its amended statement of decision, the trial court stated that Guardian was, or should have been, aware of the lack of a valid signature by plaintiff on the quitclaim deed, because of irregularities in the loan package. Conceivably, the court in the marital dissolution proceedings could have awarded Security Pacific an equitable lien in the amount of the formerly secured debt, or some further protection for the repayment of the loan obligation in the event the Halm Avenue property was awarded to plaintiff as her separate property. The court also entered judgment in favor of Guardian and Security Pacific on their cross-complaints, granting Guardian an equitable lien encumbering the Halm Avenue residence in the amount of $106,305.38 (the extent to which the Guardian loan retired the existing community debt), and awarding judgment in favor of Guardian and Security Pacific against Lezine personally in the amounts of [14 Cal.4th 62] $302,527.85 and $87,799.59, respectively, and against the bonding company for the notary public in the amount of $10,000 (the bond limit). We have relied on them to treat us and our customers/insured with personalized and professional service and they have always delivered. The company`s registered agent is C T CORPORATION SYSTEM 100 BISCAYNE BLVD., MIAMI, FL, 33132. Thus, construing former section 5127 with reference to, and in harmony with, the various statutory schemes governing the liability of community property for marital debts, it does not appear that the purpose or effect of former section 5127 is to exempt community real property from liability for satisfaction of marital debts incurred unilaterally by one spouse, for which the community otherwise is liable. We consider first the applicable rules governing the liability of community property for debts incurred during the marriage (such as the loan obligation incurred by Lezine owing to Security Pacific). 8 At the time of the entry of that judgment (prior to the property division in the separate marital dissolution proceedings), the community property (which included the Halm Avenue property) was liable for satisfaction of that money judgment. The business id is 233442. All the while competitors will be circling to pick off any business. Co. (1932) 122 Cal.App. Husband did not join in the execution of the deeds of trust and, while the dissolution proceedings were pending, he filed an action to quiet title, challenging the validity of the deeds of trust in favor of wife's attorneys. 30. 4, Finally, at the time of the present proceedings, former section 5120.160 of the Civil Code fn. 7. On April 2, 1992, Guardian and Security Pacific recorded abstracts of their money judgment against Lezine in the Los Angeles County Recorder's office. Security Finance is Fast, Flexible, and Here to Help. June 20, 1991, 1:00 a.m. EDT 1 Min Read Security Pacific Elects CEO Smith As Chairman, Succeeding Flamson Robert H. Smith has been elected chairman of the board of Security Pacific Corp., succeeding Richard J. Flamson 3d. Thus, for example, one spouse unilaterally may incur credit card charges which, if unpaid, may be reduced to a money judgment that may be satisfied from community real property. Such a result, urges plaintiff, would be contrary to the legislative purpose of former section 5127. 3. SECURITY PACIFIC FINANCE LIMITED. (Italics added.) Get free access to the complete judgment in ANTHONY v. SECURITY PACIFIC FINANCIAL SERVICES on CaseMine. Security Pacific Finance Corp.is headquartered in United States, Springfield - specialized in Accounting - Find employees, decision makers, competitors and company information. How Much Does Pacific City Bank Pay Compared To Soundview Financial Credit Union? Turkish President Tayyip Erdogan said in comments broadcast on Sunday that a process of building relations with Egypt will start with ministers of the two countries meeting and that the talks would develop from there. (Reppy, Debt Collection From Married Californians: Problems Caused by Transmutations, Single-Spouse Management, and Invalid Marriage (1981) 18 San Diego L.Rev. The loss of the security does not extinguish the underlying debt, or the character of that unsecured debt as one for which the community estate is liable. The company annual reports filed on Annual reports 6/30/1981. UK - England - West Midlands - Solihull - St. Alphege - St. Alphege - B91 3. ", FN 7. The court further held, however, that the bona fide purchaser, without knowledge of the marriage relationship, was entitled to restoration of the purchase price from the community. Before stating the various contentions of the parties and framing the legal issues presented for our determination, we shall review the statutory schemes governing the liability of community property for marital debts, as well as the liability of real property received by the nondebtor spouse following the division of property in a dissolution proceeding. Code, former 5120.160, subds. The trial court did not make any similar finding, however, with respect to Security Pacific. Code of Civil Procedure section 695.020 addresses specifically the liability of community property for money judgments. The question before us is whether the foregoing rules and principles governing the liability of the Halm Avenue property for the loan obligations incurred by Lezine are altered or otherwise affected by former section 5127, or the circumstance that the deed of trust that formerly secured that obligation was set aside pursuant to former section 5127. Title 17 of the Code of Federal Regulations. While this breach does not affect the Pacific Finance system, we understand that this incident may cause concern for you and the safety of your financial information. No part of former section 5127, however, indicates any similar intent to exempt community real property from liability for marital debts, even debts incurred unilaterally by one spouse. (b)). GLORIA J. LEZINE, Plaintiff and Respondent, v. SECURITY PACIFIC FINANCIAL SERVICES, INC., Defendant and Appellant. 10089 WILLOW CREEK RDC/O SECURITY PACIFIC FINANCIAL SERVICESSAN DIEGO, CALIFORNIA 92131. Accordingly, the Halm Avenue property, having the status of community property, was liable for the loan obligations incurred by Lezine during the marriage. The superior court set aside the transfer of the security interest in its entirety, concurrently awarding Security Pacific a money judgment against Lezine in the amount of the formerly secured debt. This issue also requires that we resolve the tension among competing, and facially inconsistent, principles, policies, and statutory rules governing, on the one hand, the rights of spouses who are innocent of wrongdoing under former section 5127 and, on the other hand, the liability of community real property for the satisfaction of debts incurred during the marriage. The company id for this entity is J350807. Security Pacific accounts will eventually become Bank of America accounts, although that isnt expected to start until summer because extensive work is required to convert computer systems. Had plaintiff moved to set aside the trust deeds in the marital dissolution proceeedings, Security Pacific would have been made a party to those proceedings. Moreover, as explained above, the same result could obtain had the court set aside a unilateral sale or lease of the property and rendered judgment in favor of the purchaser or lessee for the amount of the consideration paid. If we were to conclude, as plaintiff urges, that, after a security interest in real property is set aside pursuant to former section 5127, the formerly secured creditor no longer may resort to the property to satisfy the debt, that creditor would be placed in a position less advantageous than that of other unsecured creditors of the community estate-the formerly secured creditor, having obtained a judgment against the debtor spouse, would be precluded from establishing a judgment lien that attaches to the community real property to satisfy the judgment, while the unsecured creditor (such as the credit card issuer, for example), after obtaining a judgment against the debtor spouse, could proceed to record an abstract of judgment creating a judgment lien that attaches to the community real property. The company id for this entity is H000149. On April 12, 1990, Lezine obtained a $100,000 line of credit from Security Pacific secured by a deed of trust encumbering the Halm Avenue property. Moreover, it is not clear that plaintiff would have received greater relief under Civil Code former section 5120.160, had she challenged the deeds of trust in the dissolution proceedings rather than in the separate set-aside proceedings. Both parties - Simultaneous Supplemental briefs Due: 3/18/96 and Simultaneous Responses Due: 3/29/96. Nearby Schools. 41 Security Pacific Financial Services employees in database. Accordingly, a creditor who previously has forfeited a security interest in community real property under former section 5127 is placed in the position of any other unsecured creditor entitled to seek a judgment against the debtor spouse, and to enforce its money judgment against the community estate. Their business is recorded as CORPORATION FOR PROFIT.The Company's current operating status is Dead Learn more about SECURITY PACIFIC FINANCE LIMITED. Plaintiff, however, elected to challenge the deeds of trust in the present equitable action, which was separate from the marital dissolution proceeding; accordingly, plaintiff deprived herself of any of the potential benefits under Civil Code former section 5120.160, applicable exclusively to the division of community property in a marital dissolution action. Effective January 1, 1994, former sections 4372 and 4373 of the Civil Code were repealed and replaced by Family Code sections 2033 and 2034. An environment that exposed me to various areas of the financial markets The most enjoyable part of the company was that it was also involved in real estate lending. . 1985. The balance of the loan proceeds was not used for the benefit of the community. The court accordingly concluded that the community was required to reimburse the purchaser for the consideration paid as a condition of the set-aside relief. SECURITY PACIFIC FINANCIAL SERVICES OF CALIFORNIA INC. (Cr No. Long-time friend of the company Andrs Vega, a product leader formerly responsible for security at VMware, has joined as VP of Operations for North America. No action to avoid any instrument mentioned in this section, affecting any property standing of record in the name of either spouse alone, executed by the spouse alone, shall be commenced after the expiration of one year from the filing for record of that instrument in the recorder's office in the county in which the land is situate, and no action to avoid any instrument mentioned in this section, affecting any property standing of record in the name of the husband alone, which was executed by the husband alone and filed for record prior to the time this act takes effect, in the recorder's office in the county in which the land is situate, shall be commenced after the expiration of one year from the date on which this act takes effect. This agent address is 8751 W.Broward Blvd Plantation, Fl 33324. Security Pacific Finance Credit Corp is a . FN 1. The specific issue before us is whether the trial court, in addition to setting aside Security Pacific's deed of trust encumbering the Halm Avenue property pursuant to former section 5127, had the authority to extinguish a lien that otherwise would be enforceable to satisfy a money judgment arising from the setting aside of that deed of trust. This corporate entity was filed approximately seventy-two years ago on Monday, July 17, 1950 as recorded in documents filed with Florida Department of State. By recording an abstract of judgment in Los Angeles County, reflecting the money judgment against Lezine, Security Pacific created a judgment lien that attached to all real property in Los Angeles County that was subject to enforcement of the money judgment, including the Halm Avenue property. (Mark v. Title Guarantee etc. In addition, thousands of employees are anxiously waiting to find out their futures at the newly merged bank, which is cutting up to 12,000 positions over the next three years. Security Pacific Finance Corp 225 South Lake Avenue Pasadena, CA 91101 After years of tension between the two countries, Erdogan shook hands with Egypt's President Abdel Fattah al-Sisi in Qatar last week in what was described in an Egyptian . or governing home equity sales contracts (Civ. Security Pacific's recordation of the abstract of judgment, prior to the division of property in the marital dissolution proceeding, created a judgment lien that attached to the Halm Avenue property and was enforceable for satisfaction of the money judgment against Lezine. Three months later, on July 1, 1992, in the marital dissolution proceedings (after a default was entered against Lezine on the reserved issues regarding the division of property), the court awarded plaintiff the Halm Avenue property as her sole and separate property, subject to the equitable lien in favor of Guardian, and assigned the debt formerly secured by the deeds of trust in favor of Guardian and Security Pacific exclusively to Lezine, pursuant to Civil Code former section 4800, subdivision (b)(2). That values the. 301 [9 P.2d 839].) Donner & Levine, Lawrence D. Levine, Donner & Donner, Lori A. Donner and J. Caleb Donner for Plaintiff and Respondent. (See Kinney v. Vallentyne (1975) 15 Cal.3d 475, 478-479 [124 Cal.Rptr. Published on www.experteer.com 04 Nov 2022. The current status of the business is Inactive. On December 11, 1992, plaintiff moved for clarification of the judgment in the present action, urging that the Droeger decision compelled a determination that the abstracts of judgment did not create judgment liens that attached to her separate property. In Mitchell, the court stated that in the case where the unilateral transfer that is set aside is an encumbrance, "what is removed is only the encumbrance, without any effect upon the underlying obligation which it secures. M. Michele Lines (Francis J. Cunningham Iii (Sbn 60900)). Over the past 37 years, Rail Management Services has grown into one of the largest suppliers of intermodal ramp services in the United States handling . Priority of Claims In accordance with Federal law, allowed claims will be paid, after administrative expenses, in the following order of priority: Depositors 337-338. SECURITY PACIFIC CORPORATION Address: 333 South Hope Street Los Angeles California 90071 United States Telephone: (213) 345-6211 Statistics: Public Company Incorporated: 1871 as The Farmers and Merchants Bank Employees: 43,300 Assets: $72 billion Stock Index: New York Company History: Pacific, MO - Missouri. In resolving the issue presented, we note there is scant authority pertaining to the rights and remedies, in general, of a transferee of an interest in community real property after the unauthorized transfer is set aside pursuant to former section 5127. The Court of Appeal concluded that, as a result of setting aside the deed of trust pursuant to former section 5127, Security Pacific's security for the community debt was canceled but that the underlying community debt was not, and the relief afforded under former section 5127 did not alter the liability of the community real property for the underlying debt, or the enforcement of a money judgment for that debt. Behind the stunning exit of Disney CEO Bob Chapek, Poor housing conditions continue at L.A. apartment complex, despite 2,000 citations, 25 fantastic SoCal plant shops for holiday gifts, Black Fridays comeback highlights economic divide as inflation slams shoppers. Its character was not altered because the husband, instead of conserving the money, used it for his own purposes." That values the deal at more than $5 billion. [4] Under the foregoing principles, a court in equity may require as a condition to the granting of equitable relief under former section 5127 the restoration of any consideration transferred by an innocent encumbrancer in exchange for the security interest, who acts without knowledge of the community status of the property. ), (Opinion by George, C. J., expressing the unanimous view of the court.). For financial reporting, their fiscal year ends on December 31st. SECURITY PACIFIC FINANCE CORP. OF OHIO (Entity Number: 305353) was incorporated on 11/09/1961 in Ohio. Emerson. Security Pacific Finance Corp.'s dissolution date is Jan 15 2001 and it had been operating for 55 years 11 months, and 21 days since its establishment until dissolution. About Security Pacific Financial Services Inc: Security Pacific Financial Services is located at 9222 W 159th St in Orland Park, IL - Cook County and is a business specialized in Vehicles.Security Pacific Financial Services Inc is listed in the category Financial Services and offers Banking Services, Bill Consolidation, Credit Counseling, Financial Management, Financial Services, Credit . 312.) Effective January 1, 1994, former section 5120.160 of the Civil Code was repealed and reenacted without substantive change as Family Code section 916. This page includes all SEC registration details as well as a list of all documents (S-1, Prospectus, Current Reports, 8-K, 10K, Annual Reports) filed by Security Pacific Finance Credit Corp. Security Pacific Finance Credit Corp has not filed any forms with the SEC apart from initial company registration. 1608, 8, p. 3342). Find out everything there's to know about Security Pacific Financial Services employees. With 25 patents held between 2002 and 2022, SoftBank Group Corp holds the most number of Data Security patents in the Financial Services sector in the Asia-Pacific region, of which 92.0% was contributed by Alibaba Group Holding Ltd. 2 The court awarded the community property business known as Brown Automotive to Lezine as his sole and separate property. Rep. (1984) pp. security pacific financial services inc pioneer finance of oklahoma inc: osborn, earl d osborn, thelma: englands 2nd-pc b1 l17-18: 1 : view: 3: kay: 08/24/1989: 1989-006316: mortgage release: 000712: 0198: security pacific firnancal security security pacific finance corporation security pacific finance: wosika, joseph frank woiska, betty june . Co. (1980) 110 Cal.App.3d 220, 223 [167 Cal.Rptr. For these reasons, we affirm the judgment of the Court of Appeal, which reversed the trial court's order extinguishing the judgment lien. On July 16, 1991, in the other proceedings, a bifurcated judgment was entered dissolving the Lezine marriage and reserving jurisdiction for the division of property. Both Counsel Re Supplemental briefing requested -- letter mailed & sent by Facsimile. Practice Guide: Family Law, op. The agent name for this entity is: C T CORPORATION SYSTEM. omitted.) (4 Cal.2d at p. 23-24, fn. Some of those phases overlap, for instance a government is often at once planning its next budget, implementing the current one and reporting on the previous year. The agent name of this company is: SECRETARY OF THE STATE , and company's status is listed . Receipt for Remittitur Signed by Deputy Clerk Theresa Carter-Mata, Receipt for Remittitur Signed by Theresa Carter- Mata, Deputy Clerk, Ca/2, Stanford Law School - Robert Crown Law Library. It continues on as the history of BankAmerica, Smith said. [2] Contrary to the contention of plaintiff, the community estate was not exempt from liability for the money judgment simply because the judgment was rendered subsequent to the "status only" judgment of dissolution, where the underlying debt arose prior to dissolution of the marriage. In reaching its holding, the Court of Appeal first determined that "the trial court properly relied on Droeger in voiding the deeds of trust in favor of Guardian Savings and [Security Pacific] ." The appellate court further noted, however, that, separate and apart from the principles stated in Droeger, the community estate is liable for a debt incurred by either spouse during the marriage, regardless whether both spouses are parties to the debt or to a judgment for a debt, and that this liability continues until the property is awarded to one spouse as his or her separate property in a dissolution proceeding. Accordingly, the trial court in the present case lacked authority to expunge Security Pacific's judgment lien after the court in the marital dissolution proceedings awarded the Halm Avenue property to plaintiff as her separate property. Accordingly, plaintiff maintains she has been penalized for timely challenging the validity of the deeds of trust in a separate proceeding prior to the division of the community property. Approximately $106,300 of the loan proceeds were used to repay the loan obligations secured by the deeds of trust in favor of San Clemente Savings and Imperial Thrift, as well as other community debts. Proc., 697.310, 697.340.) (See Robertson v. Willis (1978) 77 Cal.App.3d 358, 362 [143 Cal.Rptr. fn. (See Droeger v. Friedman, Sloan, & Ross, supra, 54 Cal.3d at pp. 584, 812 P.2d 931]. SECURITY PACIFIC FINANCE CORP. was registered on 1945-01-25 as a domestic profit corporation type with the address NONE. [1] In general, [14 Cal.4th 64] "[e]xcept as otherwise expressly provided by statute, the community estate is liable for a debt incurred by either spouse before or during marriage, regardless of which spouse has the management and control of the property and regardless of whether one or both spouses are parties to the debt or to a judgment for the debt." The long-awaited, $5-billion acquisition, the largest bank merger in U.S. history, was scheduled to take effect at 12:01 a.m., as called for in papers filed by BankAmerica with the secretary of state in Delaware, where the San Francisco bank is incorporated. 36-37.). After plaintiff received the property unencumbered by the judgment lien, the Halm Avenue property no longer would be liable for satisfaction of the money judgment against Lezine. Respondent's Petition. The Earnings Competition: Q3'22 for AWS, Microsoft, and Google Cloud. 41]; In re Marriage of Lister (1984) 152 Cal.App.3d 411, 418-419 [199 Cal.Rptr. Accountability:OverallServe as chief financial person for the Power and Water Solutions business in the Asia Pacific world area.Primary financial interface and business partner with Power and Water . Under judgment lien law, the recordation of the abstracts of judgment in Los Angeles County created judgment liens that attached to the community real property located in that county, including the Halm Avenue property. Droeger holds that when a nonconsenting spouse, during the marriage, timely challenges a transfer made in violation of former section 5127, the transfer is voidable in its entirety. The transfer of the Halm Avenue property to plaintiff in the property division as her sole and separate property, after the judgment lien of Security Pacific had attached, did not alter the liability of the property to satisfy the lien or otherwise affect the judgment lien. Contact Information. The SECURITY PACIFIC FINANCE CORP. principal address is 10103 CARROLL CANYON ROAD, SAN DIEGO, CA, 92131. A Looming Debt Crisis is Threatening Global Health Security. The termination date is October 7, 1987. Business Information Business Officers Equally important, a pan-African approach could support a facility to ensure vulnerable African countries can finance food imports in times of crisis. fn. Otherwise, argues plaintiff, the nonconsenting spouse is in the same position after the security interest is set aside as he or she was in prior to the granting of relief, i.e., the property remains subject to an encumbrance in the amount of the underlying loan obligation; consequently the relief afforded under former section 5127 would be nullified, and the action to set aside the unilateral transfer will have been a futile act. The Court of Appeal reversed, holding that the abstract of judgment, which had been recorded by Security Pacific before the court in the dissolution proceedings awarded the Halm Avenue property to plaintiff as her [14 Cal.4th 63] separate property, created a judgment lien that attached to the community real property, and that plaintiff accordingly acquired the Halm Avenue property as her separate property subject to the judgment lien. Security Pacific recorded an abstract of judgment (reflecting the money judgment) in the county in which the Halm Avenue property was located. Other jobs like this. Votes: Bax, Geo, Wer, Ken, JJ. (54 Cal. Security Pacific Finance Corp. agent is C T Corporation System. Download the original court documents for this case: Security Pacific Financial Services, Inc. Appellant, Security Pacific Financial Services, Time Extended to grant or deny Petition for Review. SECURITY PACIFIC FINANCE CORP. DELAWARE CORPORATION. Resolving a conflict among appellate decisions as to the relief that may be afforded under former section 5127, the court, citing among other authority Britton v. Hammel, supra, 4 Cal.2d 690, further held that when a nonconsenting spouse, during the marriage, timely challenges a transfer made in violation of former section 5127, the transfer is voidable in its entirety. We offer you a great deal of unbiased information from the internal database, personal records, and many other details that might be of interest to you. Showing 8 records out of 23 Excel Known Addresses for Security Pacific Housing Services, Inc. 9000 Southside Blvd Jacksonville, FL 32256 401 N Tryon St Charlotte, NC 28202 8015 W Kenton Cir Huntersville, NC 28078 150 N College St Charlotte, NC 28202 Corporate Filings for Security Pacific Housing Services, Inc. Florida Department of State ), Legal commentators have noted that, in the case of a unilateral transfer that is set aside pursuant to former section 5127, the third party transferee properly should be deprived of any interest in the real property itself, but should be permitted to assert rights as an unsecured creditor for repayment of whatever consideration was passed in exchange for the ineffective title. during his marriage to plaintiff gloria j. lezine (plaintiff), henry lezine (lezine) unilaterally transferred a security interest in community real property (the halm avenue property) to defendant security pacific financial services, inc. (security pacific), without the knowledge or consent of plaintiff, in violation of former section 5127 of the The court further noted that the enforcement of any part of a unilateral transfer effectively would transmute community property into a [14 Cal.4th 68] tenancy in common, resulting in the nonconsenting spouse being forced to become a tenant in common with a stranger. The formed date is December 22, 1980. Arguing that this result is inequitable, plaintiff maintains that, had she challenged the validity of the deeds of trust in the marital dissolution proceedings, the court in those proceedings would have set aside the deeds of trust and, concurrently, awarded the Halm Avenue property to plaintiff as her sole and separate property, while assigning the money judgment to Lezine as his separate debt. Mortgage Calculator Rate History. Security Pacific Finance was an investment advisory firm based in Dublin, Ireland. Mortgages Loans. (54 Cal.3d at p. DataLead allows to search for B2B contacts and companies by job title, location, keywords, industries, experience, education and more. Image: 2/18/1986: Morris, William M. SECURITY PACIFIC FINANCE CORP. was registered on 1945-01-25 as a domestic profit corporation type with the address NONE. Finally, Security Pacific customers will be closely monitoring everything from their checking and loan accounts to the performance of their automated teller machines for the slightest sign of a foul-up. as the U.S. is the next summit host during the closing of the Asia-Pacific Economic Cooperation, APEC summit, Saturday, Nov. 19 . (Bruch, Protecting the Rights of Spouses in Intact Marriages: The 1987 California Community Property Reform and Why It Was So Hard to Get (1990) Wis. L.Rev. at p. VERIFIED Status: UNVERIFIED. 00000. Kidnapping, rape, torture and murder of queer people at the hands of armed groups, "often by the state's security forces," are also reported. Customers probably wont notice much for some time. Former section 5127 also was amended to state that "[n]othing in this section shall preclude either spouse from encumbering his or her interest in community real property as provided in Section 4372.". ), The court in Droeger further concluded that, although economically weak spouses are at a disadvantage in securing adequate counsel in dissolution proceedings, nothing in the language or legislative history of former section 5127 permitted the general rule against unilateral transfers to be subject to an exception for securing attorney fees in dissolution proceedings. Nothing in the foregoing statutory language refers to the liability of community real property for marital debts. If the property division requires one person to pay a debt, and the creditor satisfies a money judgment for that debt from the property that was awarded to the person's spouse (e.g., through the enforcement of a lien), the person's spouse has a right of reimbursement from that person to the extent of the property applied. 0257453) SECURITY PACIFIC FINANCIAL SERVICES OF CALIFORNIA INC. was registered on Feb 14, 1991 as a stock type company . It was acquired by Bank of America in 1992. Noel Carvalho CalDRE: 01810545 - Security Pacific Real Estate. [14 Cal.4th 70], In Andrade Development Co. v. Martin (1982) 138 Cal.App.3d 330 [187 Cal.Rptr. Code, former 5120.160, subd. (a)(2)), and from the judgment as clarified. The second largest number of patents were held by Microsoft Corp with 11 Data Security patents. Moreover, although (as stated previously) the trial court found that Guardian was or should have been aware of the lack of a valid signature by plaintiff on the quitclaim deed because of irregularities in the loan package, the record does not reflect any similar finding with respect to Security Pacific. The quitclaim deed purported to divest plaintiff of any interest in the Halm Avenue property. 46-47. The newly merged bank will be under intense pressure from three sides. OTTAWA Canada launched its long-awaited Indo-Pacific strategy on Sunday, outlining C$2.3 billion ($1.7 billion) in spending to boost military and cyber security in the region and vowed to deal . Pacific Rail Services was founded in 1985. Under this provision, following the division of property, the community property awarded to one spouse no longer is liable for marital debts that are assigned to the other spouse, with the exception that the award of community real property to one spouse that is subject to a lien remains liable for satisfaction of the lien, i.e., the lien remains enforceable to satisfy the underlying debt. 1969, ch. Security Pacific Financial - CLOSED. Furthermore, the judgment creditor's recordation of an abstract of judgment creates a judgment lien that attaches to the community real property and that may be enforced to satisfy the lien. When these rules and principles are applied to the transfer of a security interest in community real property, if the security interest is forfeited pursuant to former section 5127 the community remains liable to the formerly secured creditor for the underlying debt. Check the company's details for free and view the Companies House information, company documents and list of directors. For financial reporting, their fiscal year ends on December 31st. Despite the economic challenges in 2020, the APAC life insurance industry bounced back in 2021, as the COVID-19 pandemic highlighted the importance of life insurance for financial security. Digesting Security Pacific is likely to slow for at least 18 months B of As aggressive expansion across the country. Plaintiff was unaware of the loan. This business published its annual reports three times - in years: 1979, 1980, 1981. omitted.) The firm was established in 1985. We offer personal installment loans from $428 - $2,230. 35; see Hogoboom & King, Cal. cit. Meanwhile you can send your letters to 10103 CARROLL CANYON ROAD, SAN DIEGO, CA, 92131. 897, 541 P.2d 537]. 523]; Stratton v. Superior Court (1948) 87 Cal.App.2d 809 [197 P.2d 821].) PACIFIC SECURITY FINANCIAL - 11 Reviews - 30724 Benton Rd, Winchester, CA - Yelp Pacific Security Financial 11 reviews Claimed Wills, Trusts, & Probates Open 9:00 AM - 8:00 PM Frequently Asked Questions about Pacific Security Financial How is Pacific Security Financial rated? The business status is . The history never goes away. Financial Considerations. Each of Security Pacific's 128.3 million shares will be swapped for 0.88 of a BankAmerica share, which traded at $45 yesterday. 5 governed the liability of community property for marital debts following the division of property in a marital dissolution proceeding. When plaintiff subsequently was awarded the Halm Avenue property, she took it subject to the encumbrance of the judgment lien, which was enforceable for the satisfaction of the money judgment. 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