California Financial Code

§ 14954

Name: California Superior Court Tentative Rulings
Creator: DecisionDepot
License: https://creativecommons.org/licenses/by-nc/4.0/

FIN § 14954Div. 5 · Ch. 7 · Art. 1

Statute text

View on leginfo.ca.gov

For the purposes of this chapter, a person who is not an applicant for an extension of credit or the creation of an obligation with the credit union but guarantees performance of the underlying obligation is a surety. A surety may act as security pursuant to subdivision (a) of Section 14955.

Legislative history

Amended by Stats. 1985, Ch. 951, Sec. 14.