CA AB1856

Expands permissible deposits in lieu of bonds to include all bonds and notes of the United States or State of California and cashier's checks payable to the officer.

Allows deposits of lawful money of the United States or cashier's checks issued by banks, savings associations, or credit unions authorized to do business in California.

Requires market value of bonds or notes to be agreed upon by stipulation or determined by court order, with a certified copy delivered to the officer at time of deposit.

Permits officers to collect, sell, or otherwise apply deposits to enforce principal liability upon court order with five days' notice to parties.

Directs distribution of proceeds first to collection costs, second to judgment liability, and third to return any remainder to the principal.