Sec. 17. 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.
"Surety" defined
Ind. Code § 36-1-9.5-17, under Qualifications of Bidders for Certain Contracts.
Ind. Code § 36-1-9.5-17