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CORBY v. GULF INS. CO.

No. B164482.

8 Cal.Rptr.3d 663 (2004)

114 Cal.App.4th 1371

John CORBY, Plaintiff and Respondent, v. GULF INSURANCE COMPANY, Defendant and Appellant.

Court of Appeals of California, Second District, Division Five.

Review Denied April 14, 2004.

Attorney(s) appearing for the Case

James S. Link, Pasadena, and Larry A. Rothstein, Woodland Hills, for Defendant and Appellant.

Law Offices of Jerry K. Staub, Jerry K. Staub, and Patricia Venegas, Los Angeles, for Plaintiff and Respondent.

ARMSTRONG, J.

Summary

This case concerns a surety bond issued by appellant Gulf Insurance Company pursuant to Business and Professions Code1 sections 11013.2 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...

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