Indiana Code 36-1-9.5-17. “Surety” defined
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Sec. 17. As used in this chapter, “surety” means a corporate body bound with and for the contractor for the following:
(2) The payment of all debts related to the work.
(1) The full and complete performance of the contract.
Terms Used In Indiana Code 36-1-9.5-17
- contractor: means an individual, a partnership, a firm, a limited liability company, a corporation, or other person contracting with or desiring to contract with an entity for performance of prescribed work. See Indiana Code 36-1-9.5-10
As added by P.L.85-1991, SEC.3.