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Sureties: liability.

It was vetoed on Sep 22, 2024.

CA AB 2677 · Assembly Bill · 2023–2024

Stage
Vetoed
Started in
Assembly
Sponsor
1
Latest action
Sep 22, 2024

What it does

Existing law authorizes a beneficiary to enforce the liability on a bond against both the principal and sureties by civil action. Under existing law, a judgment of liability on a bond, except as specified, is in favor of the beneficiary and against the principal and sureties, and obligates each of them jointly and severally. Existing law provides that except as specified, the aggregate liability of a surety to all persons for all breaches of the condition of a bond is limited to the amount of the bond, and that the liability of the principal is not limited to the amount of the bond.

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Where it stands

This bill failed and is no longer moving.

  1. Introduced (Done)

  2. Committee (Done)

  3. Floor (Done)

  4. Law (Needs attention)

    Vetoed

What moved

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Who is involved

Sponsors

The lawmakers who put their names on it, lead sponsors first.

Where it goes next

Once a bill is decided, the questions are about what is done with it in California.

Work with this bill

Sureties: liability. | 52