California Codes, Code of Civil Procedure - CCP, Part 2 — Of Civil Actions, Title 14 — Of Miscellaneous Provisions, Chapter 2 — Bonds and Undertakings, Article 1 — Preliminary Provisions and Definitions, Section 995.130
(a) “Beneficiary” means the person for whose benefit a bond is given, whether executed to, in favor of, in the name of, or payable to the person as an obligee.
(b) If a bond is given for the benefit of the State of California or the people of the state, “beneficiary” means the court, officer, or other person required to determine the sufficiency of the sureties or to approve the bond.
(c) For the purpose of application of this chapter to a bond given pursuant to any statute of this state, the terms “beneficiary,” “obligee,” and comparable terms used in the statute mean “beneficiary” as defined in this section.
Notes
Defines “beneficiary” as the person for whose benefit a bond is given, regardless of obligee wording. For bonds benefiting California or its people, defines the beneficiary as the court, officer, or person responsible for surety sufficiency or approval, and treats comparable statutory terms such as obligee as this defined beneficiary.
Use as reference
Lexinter.net | California Code, Code of Civil Procedure - CCP § 995.130 | https://laws.lexinter.net/codes/california/code-of-civil-procedure/part-2/title-14/chapter-2/article-1/section-995-130