An arbitration award rendered against a principal alone shall not be, be deemed to be, or be utilized as, an award against his surety.
The intent of this legislation is to apply existing law to arbitration awards.
Position of Sureties
Added by Stats. 1979, Ch. 346.
An arbitration award rendered against a principal alone shall not be, be deemed to be, or be utilized as, an award against his surety.
The intent of this legislation is to apply existing law to arbitration awards.
Official source: California Legislative Information. Reproduced from public-domain California statutes; confirm against the official source for the current text. Not legal advice.