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Cal. Rules of Court, rule 995.740
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§ 995.740 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 …
Part 2: Of Civil Actions | Title 14: Of Miscellaneous Provisions | Chapter 2: Bonds and Undertakings | Article 7: Deposit in Lieu of Bond
Rule Text
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.
Amendment history: Amended by Stats. 2014, Ch. 305, Sec. 3. (AB 1856) Effective January 1, 2015.