California Statutes
§ 2854. — 2854. (Enacted 1872.)
California·Code CIV Civil Code - CIV·Div. 3. DIVISION 3. OBLIGATIONS·Title 13.·Part 4. TITLE 13. SURETYSHIP·Art. 7. ARTICLE 7. Position of Sureties
A creditor is entitled to the benefit of everything which a surety has received from the debtor by way of security for the performance of the obligation, and may, upon the maturity of the obligation, compel the application of such security to its satisfaction.
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California § 2854. (2854. (Enacted 1872.)) — published by Counsel Stack Legal Research, free access to 12M+ legal documents.
Related
In Re Westgate-California Corporation, Debtors. Royal Bank of Canada, and v. Curvin J. Trone, Jr. And Herbert Kunzel, Trustees, And
634 F.2d 459 (Ninth Circuit, 1980)
Legislative History
Enacted 1872.