Mere delay on the part of a creditor to proceed against the principal, or to enforce any other remedy, does not exonerate a surety.
Cal. Civ. Code § 2823
Exoneration of Sureties
Applied in 2 court decisions — leading case 257 Cal. App. 2d 770 - Wise v. Clapper (1968)
Most recently applied in 257 Cal. App. 2d 770 - Wise v. Clapper (January 1968)
Amended by Stats. 1939, Ch. 453.
Official source: California Legislative Information. Reproduced from public-domain California statutes; confirm against the official source for the current text. Not legal advice.