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HomeFinancial CodeDiv. 3Ch. 3§ 12209 Bond Duration And Cancellation

§ 12209 Bond Duration And Cancellation

Financial Code·California
AI Summary·Official Text·Key Terms·Related Statutes·References
AI SummaryVerified

§ 12209 Bond Duration And Cancellation

This law says a bond stays active until either the commissioner releases the surety from liability or the surety cancels the bond.

Key Takeaways

  • •The bond stays in force until the commissioner releases the surety.
  • •The surety can cancel the bond at any time.
  • •Release or cancellation ends the bond's legal effect.

Example

A contractor has a performance bond for a construction project.

The bond remains in effect until the project is finished and the commissioner officially releases the surety, or until the surety decides to cancel the bond.

AI-generated — May contain errors. Not legal advice. Always verify source.

Official Source
View on CA.gov

§ 12209 Bond Duration And Cancellation

The bond shall remain in force and effect until the surety is released from liability by the commissioner, or until the bond is canceled by the surety. (Enacted by Stats. 1951, Ch. 364.)

Last verified: January 10, 2026

Key Terms

bondsuretycommissionerliability

Related Statutes

  • § 12208 Bond Compliance And Payment
  • § 12207 Bond Approval Requirements
  • § 12213 Licensee Bond Replacement Rules
  • § 12216 Applicant Background And Business Plan
  • § 100018 Licensee Information Updates

References

  • Official text at leginfo.legislature.ca.gov
  • California Legislature. Financial Code. Section 12209.
View Official Source