California Civil Code 8124 – A claimant’s waiver and release does not release the owner, …
A claimant’s waiver and release does not release the owner, construction lender, or surety on a payment bond from a lien or claim unless both of the following conditions are satisfied:
(a) The waiver and release is in substantially the form provided in this article and is signed by the claimant.
Terms Used In California Civil Code 8124
- Evidence: Information presented in testimony or in documents that is used to persuade the fact finder (judge or jury) to decide the case for one side or the other.
- Lien: A claim against real or personal property in satisfaction of a debt.
(b) If the release is a conditional release, there is evidence of payment to the claimant. Evidence of payment may be either of the following:
(1) The claimant’s endorsement on a single or joint payee check that has been paid by the financial institution on which it was drawn.
(2) Written acknowledgment of payment by the claimant.
(Added by Stats. 2010, Ch. 697, Sec. 20. (SB 189) Effective January 1, 2011. Operative July 1, 2012, by Sec. 105 of Ch. 697 and by Section 8052.)