California § 995.760 - If the principal does not pay the amount of the liability on the deposit within t
Full text of California Public Contract Code - PCC § 995.760 — If the principal does not pay the amount of the liability on the deposit within t, with citation guidance and answers to common questions.
§ 995.760. If the principal does not pay the amount of the liability on the deposit within t
(a) If the principal does not pay the amount of the liability on the deposit within the time prescribed in Section 995.750, the deposit shall be collected, sold, or otherwise applied to the liability upon order of the court that entered the judgment of liability, made upon five daysâ notice to the parties. (b) Bonds or notes, including bearer bonds and bearer notes, without a prevailing market price shall be sold at public auction. Notice of sale shall be served on the principal. Bonds or notes having a prevailing market price may be sold at private sale at a price not lower than the prevailing market price. (c) The deposit shall be distributed in the following order: (1) First, to pay the cost of collection, sale, or other application of the deposit. (2) Second, to pay the judgment of liability of the principal on the deposit. (3) Third, the remainder, if any, shall be returned to the principal.
Source: official California text · Last verified 2026-08-27
Frequently Asked Questions About California § 995.760
What does Public Contract Code - PCC § 995.760 cover?
Section 995.760 ("If the principal does not pay the amount of the liability on the deposit within t") 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 § 995.760?
A common citation format is "Public Contract Code - PCC § 995.760" (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 § 995.760 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.