California Legal Codes and Statutes

§ 16530

Amended by Stats. 1977, Ch. 582.

A surety upon any bond to secure demand or time deposits may terminate the bond as to future liability by giving 10 days’ written notice of termination to the Treasurer. Such notice of termination shall not affect any liability accruing prior to the expiration of the 10-day period.

Within 10 days after receipt of such a notice of termination, the Treasurer shall require other acceptable security or withdraw the deposits secured by the bond to be terminated.

Cite this section

Cal. Gov. Code § 16530 (2026)
https://ca.codecond.com/codes/gov/title-2-government-of-the-state-of-california/division-4-fiscal-affairs/part-2-state-funds/chapter-4-bank-deposits/article-2-security-for-deposits/section-16530

Other sections in Article 2 - Security for Deposits

§ 16520§ 16521§ 16522§ 16523§ 16525§ 16526§ 16527§ 16528§ 16529§ 16530§ 16531§ 16531.1§ 16532§ 16533

This content is for reference, learning, and study purposes only. All legal text should be verified against the official California Legislative Information website, which is the authoritative source for California law. Data last processed: February 15, 2026.