California Harbors and Navigation Code 515 – Before making the order, the judge shall require from the claimant a …
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Before making the order, the judge shall require from the claimant a bond to the people to be approved by the judge and filed with the clerk of the court, in a penalty double the value of the property or proceeds. The bond shall be conditioned upon the payment of all damages that may be recovered against the claimant or the claimant’s representatives, within three years after its date, by any person establishing title to the property or proceeds.
(Amended by Stats. 2002, Ch. 784, Sec. 511. Effective January 1, 2003.)
Terms Used In California Harbors and Navigation Code 515
- Damages: Money paid by defendants to successful plaintiffs in civil cases to compensate the plaintiffs for their injuries.
- Person: means any person, firm, association, organization, partnership, limited liability company, business trust, corporation, or company. See California Harbors and Navigation Code 19