California Code of Civil Procedure 996.410 – (a) The beneficiary may enforce the liability on a bond against …
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(a) The beneficiary may enforce the liability on a bond against both the principal and sureties.
(b) If the beneficiary is a class of persons, any person in the class may enforce the liability on a bond in the person’s own name, without assignment of the bond.
Terms Used In California Code of Civil Procedure 996.410
- Beneficiary: A person who is entitled to receive the benefits or proceeds of a will, trust, insurance policy, retirement plan, annuity, or other contract. Source: OCC
- Person: includes a corporation as well as a natural person. See California Code of Civil Procedure 17
(Added by Stats. 1982, Ch. 998, Sec. 1.)