Indiana Code 22-11-3.1-2. Bond requirement; filing
(1) more than four hundred thousand (400,000) and less than seven hundred thousand (700,000); or
Terms Used In Indiana Code 22-11-3.1-2
- contractor: means any person, except a licensed architect or registered professional engineer, who in any capacity other than as the employee of another for wages as the sole compensation, undertakes to construct, alter, repair, move, wreck, or demolish any structure. See Indiana Code 22-11-3.1-1
- Population: has the meaning set forth in Ind. See Indiana Code 1-1-4-5
must obtain a unified license bond as provided in this chapter. This unified license bond is in lieu of any other bond for this type of work required by the county or a city or town within that county, and the bond must be in an amount equal to five thousand dollars ($5,000).
(b) The unified license bond shall be held for compliance with the ordinances and regulations governing business in the county, or a city or town within that county. The unified license bond required by this chapter shall be filed with the county recorder.
[Pre-Local Government Recodification Citations: subsection (a) formerly 17-2-88-1(b); subsection (b) formerly 17-2-88-2.]
As added by Acts 1981, P.L.11, SEC.127. Amended by Acts 1982, P.L.1, SEC.52; P.L.12-1992, SEC.121; P.L.170-2002, SEC.127; P.L.119-2012, SEC.157; P.L.104-2022, SEC.130.