341 chapters · 3,670 sections in this title.
Ind. Code § 8-23-9-10 Performance bonds; deposit; reinsurance; statements of amounts due
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Sec. 10. The bond shall be deposited with and held by the commissioner for the use of any party interested in the bond. The commissioner may require the reinsurance of any bond in the amount, upon the terms, and with the surety approved by the commissioner. A person, firm, limite…
Ind. Code § 8-23-9-11 Actions on performance bonds
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Sec. 11. Suit may not be brought against the sureties on a bond until the expiration of sixty (60) days after the furnishing of a statement under section 10 of this chapter. If the indebtedness is not paid in full at the expiration of a period of sixty (60) days, the person, firm…
Ind. Code § 8-23-9-12 Performance bond form
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Sec. 12. The bond provided in this section must be in substantially the following form: "KNOW ALL PERSONS BY THESE PRESENTS, THAT ___________________ as principal and ___________________ as surety, are firmly bound unto the state of Indiana in the penal sum of an amount equal to …
Ind. Code § 8-23-9-13 Trust bids
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Sec. 13. (a) This section applies whenever a contract is awarded under this chapter by acceptance of bids, proposals, or quotations. (b) A bid, proposal, or quotation submitted by a trust (as defined in IC 30-4-1-1(a)) must identify each: (1) beneficiary of the trust; and (2) set…