43 California Forms of Pleading and Practice--Annotated § 486.53

Summary

A receiver’s undertaking must be given to the State of California [see Code Civ. Proc. §§ 567(b), 995.810–995.850]. An undertaking given to the State of California may be enforced by or for the benefit of, and in the name of, any and all persons for whose benefit the bond was given who are damaged by breach of the condition of the bond [Code Civ. Proc. § 995.850(a)]. Any such person may, in addition to any other remedy he or she has, enforce the liability on the bond in his or her own name, without assignment of the bond [Code Civ. Proc. § 995.850(b)]. The manner of enforcing liability is governed generally by Code Civ. Proc. §§ 996.410–996.495. For further discussion and forms for use in actions to enforce the liability on a bond, see Ch. 538, Suretyship, Bonds, and Undertakings.