Ind. Code § 36-1-9.5-17 – "Surety" defined | Midpage

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Indiana Code

§ 17

Ind. Code § 36-1-9.5-17

"Surety" defined

As added by P.L.85-1991, SEC.3.

As used in this chapter, "surety" means a corporate body bound with and for the contractor for the following:

(1) The full and complete performance of the contract.
(2) The payment of all debts related to the work.

As added by P.L.85-1991, SEC.3.