Section 5108 Of Chapter 2. Protection Of Bond Guarantors From California Government Code >> Division 6. >> Title 1. >> Chapter 2.

. If the guarantors function in the capacity of trustee or if the custody of the bonds is in the possession of a trustee, and administered by the trustee, he shall be required to distribute interest and principal, in the proportion that each is received by him, to the beneficiaries under the trust.