Indiana Code 5-4-5-1. Who must furnish bond
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Terms Used In Indiana Code 5-4-5-1
- Obligation: An order placed, contract awarded, service received, or similar transaction during a given period that will require payments during the same or a future period.
Sec. 1. Every public official elected or appointed to any public office, employment or position of trust, and officer of the Indiana national guard, who is required to execute and furnish a bond or other like obligation may procure such bond or other like obligation from a surety company or surety companies authorized by law to transact business in this state and competent to execute and furnish a bond or other like obligation of the character required.
Formerly: Acts 1925, c.30, s.1; Acts 1931, c.27, s.1. As amended by Acts 1981, P.L.47, SEC.5.