Cal. Civil Code § 1531 : Extinction Of Obligations — California Civil Code — Obligations — Novation — How made Date: 14 Sep 2016 TEXT PDF Current through the 2016 Legislative Session Novation is made: 1.By the substitution of a new obligation between the same parties, with intent to extinguish the old obligation; 2. By the substitution of a new debtor in place of the old one, with intent to release the latter; or, 3. By the substitution of a new creditor in place of the old one, with intent to transfer the rights of the latter to the former. Ca. Civ. Code § 1531