Statute · California Code of Civil Procedure
Cal. Civ. Proc. Code § 995.740 — Deposit in Lieu of Bond
Cal. Civ. Proc. Code § 995.740
- Type
- Statute
- Source
- California Code of Civil Procedure
- Jurisdiction
- California
- Date
- 2015-01-01
- Current through
- Nov 2, 2026 (California Legislative Counsel)
If no proceedings are pending to enforce the liability of the principal on the deposit, the officer shall:
Citator
Cal. Civ. Proc. Code § 995.740 — Deposit in Lieu of Bond is in force in the current edition of the Code, and nothing recorded condemns it.
If no proceedings are pending to enforce the liability of the principal on the deposit, the officer shall:
(a) Pay quarterly, on demand, any interest on the deposit, when earned in accordance with the terms of the account or certificate, to the principal.
(b) Deliver to the principal, on demand, any interest coupons attached to bonds or notes, including bearer bonds and bearer notes, as the interest coupons become due and payable, or pay annually any interest payable on the bonds or notes.