California § 16530. 16530. (Amended by Stats. 1977, Ch. 582.)

California Statutes

§ 16530. — 16530. (Amended by Stats. 1977, Ch. 582.)

California § 16530.

JurisdictionCalifornia

Code GOVGovernment Code - GOV

Div.4.

Title 2.DIVISION 4. FISCAL AFFAIRS

Part 2.PART 2. STATE FUNDS

Ch. 4.CHAPTER 4. Bank Deposits

Art. 2.ARTICLE 2. Security for Deposits

This text of California § 16530. (16530. (Amended by Stats. 1977, Ch. 582.)) is published on Counsel Stack Legal Research, covering California primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.

Bluebook

Cal. Government Code - GOV Code § 16530. (2026).

Text

A surety upon any bond to secure demand or time deposits may terminate the bond as to future liability by giving 10 days’ written notice of termination to the Treasurer. Such notice of termination shall not affect any liability accruing prior to the expiration of the 10-day period.
Within 10 days after receipt of such a notice of termination, the Treasurer shall require other acceptable security or withdraw the deposits secured by the bond to be terminated.

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A surety upon any bond to secure demand or time deposits may terminate the bond as to future liability by giving 10 days’ written notice of termination to the Treasurer. Such notice of termination shall not affect any liability accruing prior to the expiration of the 10-day period.
Within 10 days after receipt of such a notice of termination, the Treasurer shall require other acceptable security or withdraw the deposits secured by the bond to be terminated.

Legislative History

Amended by Stats. 1977, Ch. 582.

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California § 16530., Counsel Stack Legal Research, https://law.counselstack.com/statute/ca/GOV/16530..