§ 996.360. — 996.360. (Added by Stats. 1982, Ch. 998, Sec. 1.)

California § 996.360.

• Jurisdiction: 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. 13.: ARTICLE 13. Cancellation of Bond or Withdrawal of Sureties

Text

If a surety cancels or withdraws from 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 cancellation or withdrawal. Legal proceedings may be had therefor in all respects as though there had been no cancellation or withdrawal.
(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 cancellation or withdrawal.
(c)
The cancellation or withdrawal does not affect the bond as to the remaining sureties, or alter or change their liability in any respect.

Legislative History

Added by Stats. 1982, Ch. 998, Sec. 1.