Such money, negotiable bond or instrument of credit shall be a trust fund to guarantee performance and shall not be subject to enforcement of a money judgment by any creditors of the depositor until the obligation secured thereby is performed to the satisfaction of the local agency.
Cal. Gov. Code § 66499.6
Improvement Security
Known as the Subdivision Map Act
The act spans §§ 66410–66499 (279 sections).
Amended by Stats. 1982, Ch. 497, Sec. 120
Official source: California Legislative Information. Reproduced from public-domain California statutes; confirm against the official source for the current text. Not legal advice.