Indiana Code 34-51-4-5. Applicability of chapter upon timely offer of settlement by defendants
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Sec. 5. This chapter does not apply if:
(2) the terms of the offer include payment within sixty (60) days after the offer is accepted; and
(1) within nine (9) months after a claim is filed in the court, or any longer period determined by the court to be necessary upon a showing of good cause, one (1) or more of the parties against whom the claim is filed makes a written offer of settlement to the party receiving a judgment;
Terms Used In Indiana Code 34-51-4-5
- Judgment: means all final orders, decrees, and determinations in an action and all orders upon which executions may issue. See Indiana Code 1-1-4-5
- Settlement: Parties to a lawsuit resolve their difference without having a trial. Settlements often involve the payment of compensation by one party in satisfaction of the other party's claims.
(3) the amount of the offer is at least two-thirds (2/3) of the amount of the judgment award.
[Pre-1998 Recodification Citation: 34-4-37-7.]
As added by P.L.1-1998, SEC.47.