California § 66499.10 - Where the security is conditioned upon the payment to the contractor, his subcont
Full text of California Public Contract Code - PCC § 66499.10 — Where the security is conditioned upon the payment to the contractor, his subcont, with citation guidance and answers to common questions.
§ 66499.10. Where the security is conditioned upon the payment to the contractor, his subcont
Where the security is conditioned upon the payment to the contractor, his subcontractors and to persons furnishing labor, materials or equipment to them for the improvement of the performance of an act and takes the form of a deposit of money or negotiable bonds, a suit to recover the amount due the claimant may be maintained against the holder of such deposit. Where the security takes the form of a surety bond, or surety bonds, the right of recovery shall be in a suit against the surety. Where the security takes the form of an instrument of credit, the cause of action shall be against the financial institution obligating itself on such instrument of credit.
Source: official California text · Last verified 2026-08-27
Frequently Asked Questions About California § 66499.10
What does Public Contract Code - PCC § 66499.10 cover?
Section 66499.10 ("Where the security is conditioned upon the payment to the contractor, his subcont") is part of the Public Contract Code - PCC, the codified statutory law of California. It sets out the legal rule or procedure described in the text above. Statutes are amended regularly, so always verify against the official source.
How do I cite California § 66499.10?
A common citation format is "Public Contract Code - PCC § 66499.10" (California). Legal writing may require the code abbreviation, section number, and year or edition. Match the style required by your court, professor, or publisher.
Is this the official text of California law?
No. This page is for research and education and may not include the most recent amendments. For official current law, check the California official source linked on this page or consult a licensed California attorney.
How does California § 66499.10 apply to my situation?
Statutes are interpreted in context, and application depends on your specific facts. Only a licensed attorney in California can advise on how this section applies to you. Contact your state or local bar association for a referral.
Sources & Verification
Not legal advice. Verify against the official source and consult a licensed attorney in California.