Cal. Civ. Code § 2854

Current through the 2023 Legislative Session.

Section 2854 - Creditor entitled to benefit of everything received by surety from debtor

A creditor is entitled to the benefit of everything which a surety has received from the debtor by way of security for the performance of the obligation, and may, upon the maturity of the obligation, compel the application of such security to its satisfaction.

Ca. Civ. Code § 2854

Enacted 1872.