California § 996.150. 996.150. (Added by Stats. 1982, Ch. 998, Sec. 1.)

California Statutes

§ 996.150. — 996.150. (Added by Stats. 1982, Ch. 998, Sec. 1.)

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. 11. ARTICLE 11. Release or Substitution of Sureties on Bond Given in Action or Proceeding

If a surety is ordered released from liability on a bond:

(a)The bond remains in full force and effect for all liabilities incurred before, and for acts, omissions, or causes existing or which arose before, the release. Legal proceedings may be had therefor in all respects as though there had been no release.

(b)The surety is not liable for any act, default, or misconduct of the principal or other breach of the condition of the bond that occurs after, or for any liabilities on the bond that arise after, the release.

(c)The release does not affect the bond as to the remaining sureties, or alter or change their liability in any respect.

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If a surety is ordered released from liability on a bond:
(a)
The bond remains in full force and effect for all liabilities incurred before, and for acts, omissions, or causes existing or which arose before, the release. Legal proceedings may be had therefor in all respects as though there had been no release.
(b)
The surety is not liable for any act, default, or misconduct of the principal or other breach of the condition of the bond that occurs after, or for any liabilities on the bond that arise after, the release.
(c)
The release does not affect the bond as to the remaining sureties, or alter or change their liability in any respect.

California § 996.150. (996.150. (Added by Stats. 1982, Ch. 998, Sec. 1.)) — published by Counsel Stack Legal Research, free access to 12M+ legal documents.