Sec. 40. The aggregate liability of the surety on a bond for all liabilities may not exceed the penalty of the bond. [Pre-1995 Recodification Citation: 13-2-18-15 part.] As added by P.L.1-1995, SEC.19.
Contractor's bond; aggregate liability of surety
Ind. Code § 14-26-8-40, under Chapter 8. Lakes; Changes in Levels.
Ind. Code § 14-26-8-40