The parent or legal guardian of a minor defendant who resides with such parent or legal guardian shall be liable for any fine or condition of restitution or reparation imposed by a court upon a minor for actual damages for willful or malicious acts of such minor which cause injury to a person or property, provided that such minor has not paid such fine or made restitution or reparation within the time ordered by the court, and further provided that such parent or legal guardian has been served with summons or notice to appear in the original cause and all proceedings thereafter as provided by law.