Code Civ. Proc., § 995.740 · Article 7. Deposit in Lieu of Bond
Code Civ. Proc., § 995.740
Text — As published in the Legislative Counsel's database, tables dated October 18, 2026 (pubinfo_2025.zip)
If no proceedings are pending to enforce the liability of the principal on the deposit, the officer shall:
(a) Pay quarterly, on demand, any interest on the deposit, when earned in accordance with the terms of the account or certificate, to the principal.
(b) Deliver to the principal, on demand, any interest coupons attached to bonds or notes, including bearer bonds and bearer notes, as the interest coupons become due and payable, or pay annually any interest payable on the bonds or notes.
Notes and commentary — not statutory text
History
Amended by Stats. 2014, Ch. 305, Sec. 3. (AB 1856) Effective January 1, 2015.
Source of truth
- Edition
- As published in the Legislative Counsel's database, tables dated October 18, 2026 (pubinfo_2025.zip)
- Official file
- https://leginfo.legislature.ca.gov/faces/codes_displaySection.xhtml?lawCode=CCP§ionNum=995.740.
- Text hash
- sha256 8577472fcdffdcb9c29a7a5e0efa75755d4e4ce7140b9497809b5fcb40349023
- Composed by
- compose_ca.py 2026-10-22: the Legislative Counsel's CAML content files read by a tokenizer (caml_readers.reader_a); an independent xml.etree reading (caml_readers.reader_b) agrees on every section
Procedural information only. Not legal advice and not a substitute for the advice of an attorney. Confirm the current text with the official publisher before relying on it.