California Civil Code 8720 – An owner shall provide security by any of the following …
Current as of: 2024 | Check for updates
|
Other versions
An owner shall provide security by any of the following means:
(a) A bond that satisfies Section 8722.
Terms Used In California Civil Code 8720
- Escrow: Money given to a third party to be held for payment until certain conditions are met.
(b) An irrevocable letter of credit that satisfies Section 8724.
(c) An escrow account that satisfies Section 8726.
(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.)