California Codes, Civil Code - CIV, Division 3 — Obligations, Part 4 — Obligations Arising from Particular Transactions, Title 13 — Suretyship, Article 7 — Position of Sureties, Section 2855
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.
Notes
Prohibits an arbitration award rendered against a principal alone from being deemed or used as an award against the principal’s surety. Establishes that the legislation is intended to apply existing law to arbitration awards, while preserving the stated rule that an award against the principal alone is not an award against the surety.
Use as reference
Lexinter.net | California Code, Civil Code - CIV § 2855 | https://laws.lexinter.net/codes/california/civil-code/division-3/part-4/title-13/article-7/section-2855