§ 16434
85 words·~1 min read·
/ca/vehicle-code/16434A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
(a)Proof of financial responsibility may be given by a bond. The bond shall be conditioned for the payment of the amount specified in Section 16430, and shall provide for the entry of judgment on motion of the state in favor of any holder of any final judgment on account of damages to property over one thousand dollars ($1,000) in amount, or injury to any person caused by the operation of the person’s motor vehicle.
(b)This section shall become operative on January 1, 2017.