California Codes, Code of Civil Procedure - CCP, Part 2 — Of Civil Actions, Title 14 — Of Miscellaneous Provisions, Chapter 2 — Bonds and Undertakings, Article 14 — Liability of Principal and Sureties, Section 996.490

(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.

Notes

Establishes that a surety’s payment of the bond amount fully discharges that surety’s liability on the bond. Also requires each surety to contribute proportionately to cosureties that have made payment, with the contribution obligation measured according to the amount for which each surety is liable on the bond.

Use as reference

Lexinter.net | California Code, Code of Civil Procedure - CCP § 996.490 | https://laws.lexinter.net/codes/california/code-of-civil-procedure/part-2/title-14/chapter-2/article-14/section-996-490

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