California Code of Civil Procedure

§ 996.360

CCP § 996.360Title 14 · Part 2 · Ch. 2 · Art. 13

Statute text

If a surety cancels or withdraws from a bond:

(a)The bond remains in full force and effect for all liabilities incurred before, and for acts, omissions, or causes existing or which arose before, the cancellation or withdrawal. Legal proceedings may be had therefor in all respects as though there had been no cancellation or withdrawal.

(b)The surety is not liable for any act, default, or misconduct of the principal or other breach of the condition of the bond that occurs after, or for any liabilities on the bond that arise after, the cancellation or withdrawal.

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Legislative history

Added by Stats. 1982, Ch. 998, Sec. 1.