(a) A bond shall be in writing signed by the sureties under oath and shall include all of the following:
(1) A statement that the sureties are jointly and severally liable on the obligations of the statute providing for the bond.
(2) The address at which the principal and sureties may be served with notices, papers, and other documents under this chapter.
(3) If the amount of the bond is based upon the value of property or an interest in property, a description of the property or interest, and the principal’s estimate of the value of the property or interest, or if given pursuant to the estimate of the beneficiary or court, the value as so estimated.
(b) The sureties signing the bond are jointly and severally liable on the obligations of the bond, the provisions of this chapter, and the statute providing for the bond.
(Added by Stats. 1982, Ch. 998, Sec. 1.)
Last modified: October 25, 2018