Liability of Principal and Sureties
Known as the Bond and Undertaking Law
The act spans §§ 995–996 (98 sections).
Added by Stats. 1982, Ch. 998, Sec. 1.
(a) Payment by a surety of the amount of a bond constitutes a full discharge of all the liability of the surety on the bond.
(b) Each surety is liable to contribution to cosureties who have made payment in proportion to the amount for which each surety is liable.
Official source: California Legislative Information. Reproduced from public-domain California statutes; confirm against the official source for the current text. Not legal advice.