Ind. Code § 14-26-8-37

Contractor's bond; requirement

As added by P.L.1-1995, SEC.19.

A person who has successfully bid for the whole or a part of the work shall, when the work is awarded to the person, do the following:

  1. (1) Enter into a contract with the surveyor to perform the work.
  2. (2) Give bond that:

    1. (A) must be approved by the court;
    2. (B) is payable to the state; and
    3. (C) is in a proper penalty for the performance of the contract;

      that the person will pay all damages occasioned by nonfulfillment of the contract. The damages may be recovered in a court with jurisdiction.

      [Pre-1995 Recodification Citation: 13-2-18-15 part.]

As added by P.L.1-1995, SEC.19.

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