Legal Opinion
Corby v. Gulf Insurance
California Court of Appeal
Decided January 21, 2004No. B164482PublishedCited by 4 opinions
1Opinion of the Court
Opinion
ARMSTRONG, J.
Summary
This case concerns a surety bond issued by appellant Gulf Insurance Company pursuant to Business and Professions Code sections 11013.2 1 and 11013.4. 2 part of the California Subdivided Lands Law. Those statutes provide that it is unlawful for a developer to sell lots or parcels within a subdivision unless the money paid or advanced by purchasers is safeguarded pending transfer of title. The statutes give the developer several options for accomplishing this, one of which is to furnish a bond “to the State of California ... for the benefit and protection of…
2Cases cited9 opinions
- Yamaha Corp. of America v. State Board of EqualizationCalifornia Supreme Court · 1998
- Ramirez v. Yosemite Water CompanyCalifornia Supreme Court · 1999
- Cooper Companies, Inc. v. Transcontinental InsuranceCalifornia Court of Appeal · 1995
- Stamm Theatres, Inc. v. Hartford Casualty InsuranceCalifornia Court of Appeal · 2001
- Bank of America v. DowdyCalifornia Court of Appeal · 1960
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3Cited by4 opinions
- Amwest Surety Insurance v. Patriot Homes, Inc.California Court of Appeal · 2005
- Electrical Electronic Control, Inc. v. Los Angeles Unified School DistrictCalifornia Court of Appeal · 2005
- First National Insurance v. Cam Painting, Inc.California Court of Appeal · 2009
- Immigrant Rights Defense etc. v. Hudson Insurance Co.California Court of Appeal · 2022