Ind. Code § 34-22-1-1
(a) This chapter applies to a person who is bound as surety upon a contract in writing for the:
(b) When the right of action has accrued, the surety may require, by notice in writing, the creditor or obligee to immediately institute an action upon the contract.
[Pre-1998 Recodification Citation: 34-1-55-1.]
As added by P.L.1-1998, SEC.17.