California § 995.940 - If a ground for the objection is that the value of property or an interest in pro
Full text of California Public Contract Code - PCC § 995.940 — If a ground for the objection is that the value of property or an interest in pro, with citation guidance and answers to common questions.
§ 995.940. If a ground for the objection is that the value of property or an interest in pro
If a ground for the objection is that the value of property or an interest in property on which the amount of the bond is based exceeds the value estimated in the bond: (a) The objection shall state the beneficiaryâs estimate of the market value of the property or interest in property. (b) The principal may accept the beneficiaryâs estimate of the market value of the property or interest in property and immediately file an increased bond based on the estimate. In such case, no hearing shall be held on that ground for the objection, and the beneficiary is bound by the estimate of the market value of the property or interest in property.
Source: official California text · Last verified 2026-08-27
Frequently Asked Questions About California § 995.940
What does Public Contract Code - PCC § 995.940 cover?
Section 995.940 ("If a ground for the objection is that the value of property or an interest in pro") 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 § 995.940?
A common citation format is "Public Contract Code - PCC § 995.940" (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 § 995.940 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.