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HomePublic Utilities CodeDiv. 9Pt. 5Ch. 3Art. 3§ 24356 Security Amount Adjustment

§ 24356 Security Amount Adjustment

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

§ 24356 Security Amount Adjustment

Key Takeaways

  • •The government can change the amount of money or security you have to pay if they think it's too much or too little.
  • •They have to tell you 10 days before they change it.
  • •If you paid too much, they will give the extra money back to you.
  • •You can swap the type of security you use (like changing from cash to a bond).

Example

You got into a car crash and the court said you have to pay $5,000 to cover damages. Later, they realize $5,000 is too much and lower it to $3,000.

The government can change the amount you have to pay if they think it's unfair. They will tell you 10 days before they do it, and if you already paid, they will give you the extra $2,000 back.

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

Official Source
View on CA.gov

§ 24356 Security Amount Adjustment

Upon 10 days notification of the parties concerned, the department may reduce, or, within the limits specified in Section 24350, increase the amount of security ordered in any case if in its discretion the amount ordered is excessive or insufficient. In case the security originally ordered has been deposited, the excess shall be returned to the depositor notwithstanding the provisions of Section 24357. Substitution of security shall be permitted. (Amended by Stats. 1969, Ch. 138.)

Last verified: January 23, 2026

Key Terms

securityexcessive or insufficientsubstitution of security

Related Statutes

  • § 24355 Financial Security Requirements
  • § 24357 Security Deposit Handling
  • § 103085 Formation Validity Challenges
  • § 105040 Board Meeting Conduct Rules
  • § 105041 Board Quorum Requirements

References

  • Official text at leginfo.legislature.ca.gov
  • California Legislature. Public Utilities Code. Section 24356.
View Official Source