If the obligations under a surety bond are conditioned upon performance of the principal, the expiration of the statute of limitations with respect to the obligations of the principal, other than the obligations of the principal under the bond, shall also bar an action against the principal or surety under the bond, unless the terms of the bond provide otherwise.
Cal. Civ. Proc. Code § 359.5
General Provisions as to the Time of Commencing Actions
Applied in 1 court decision — leading case Nacimiento Water Co. v. International Fidelity Insurance Co. (2017)
Most recently applied in Nacimiento Water Co. v. International Fidelity Insurance Co. (June 2017)
Added by Stats. 1982, Ch. 106, Sec. 1.
Official source: California Legislative Information. Reproduced from public-domain California statutes; confirm against the official source for the current text. Not legal advice.