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Section 586
Deposit or security to be returned:

(1) Except as otherwise provided in the contract, after the debt is paid off or the work for which the bond is completed, such bond or bond shall be returned to the person holding the bond.
(2) If the mortgage or bond placed in accordance with sub-section (1) is divided or can be divided into sections, such mortgage or bond may be returned to the extent of the section in which the debt has been paid or the work completed.