California § 995.740. 995.740. (Amended by Stats. 2014, Ch. 305, Sec. 3.)

California Statutes

§ 995.740. — 995.740. (Amended by Stats. 2014, Ch. 305, Sec. 3.)

California·Code CCP Code of Civil Procedure - CCP·Title 14.·Part 2. TITLE 14. OF MISCELLANEOUS PROVISIONS·Ch. 2. CHAPTER 2. Bonds and Undertakings·Art. 7. ARTICLE 7. Deposit in Lieu of Bond

If no proceedings are pending to enforce the liability of the principal on the deposit, the officer shall:

(a)Pay quarterly, on demand, any interest on the deposit, when earned in accordance with the terms of the account or certificate, to the principal.

(b)Deliver to the principal, on demand, any interest coupons attached to bonds or notes, including bearer bonds and bearer notes, as the interest coupons become due and payable, or pay annually any interest payable on the bonds or notes.

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If no proceedings are pending to enforce the liability of the principal on the deposit, the officer shall:
(a)
Pay quarterly, on demand, any interest on the deposit, when earned in accordance with the terms of the account or certificate, to the principal.
(b)
Deliver to the principal, on
demand, any interest coupons attached to bonds or notes, including bearer bonds and bearer notes, as the interest coupons become due and payable, or pay annually any interest payable on the bonds or notes.

California § 995.740. (995.740. (Amended by Stats. 2014, Ch. 305, Sec. 3.)) — published by Counsel Stack Legal Research, free access to 12M+ legal documents.