California Codes, Code of Civil Procedure - CCP, Part 2 — Of Civil Actions, Title 14 — Of Miscellaneous Provisions, Chapter 2 — Bonds and Undertakings, Article 13 — Cancellation of Bond or Withdrawal of Sureties, Section 996.340
(a) If the principal does not give a new bond within 30 days after notice of cancellation or withdrawal is given, all rights obtained by giving the original bond immediately cease, any office for which the bond is given is vacant, any commission for which the bond is given is revoked, and any license or registration for which the bond is given is suspended.
(b) A person whose license or registration is suspended shall not operate or carry on business pursuant to the license or registration during the period of suspension. A license or registration that is suspended may be revived only by the giving of a new bond during the license or registration period in which the cancellation or withdrawal occurred.
Notes
Requires a principal to provide a new bond within 30 days after cancellation or withdrawal notice or immediately lose bond-based rights, office, commission, or active license or registration as applicable. Prohibits business under a suspended license or registration and allows revival only by a new bond during the same license or registration period.
Use as reference
Lexinter.net | California Code, Code of Civil Procedure - CCP § 996.340 | https://laws.lexinter.net/codes/california/code-of-civil-procedure/part-2/title-14/chapter-2/article-13/section-996-340