Ind. Code § 14-26-8-37

Current through P.L. 171-2024

Section 14-26-8-37 - Contractor's bond; requirement

A person who has successfully bid for the whole or a part of the work shall, when the work is awarded to the person, do the following:

(1) Enter into a contract with the surveyor to perform the work.

(2) Give bond that:

(A) must be approved by the court;

(B) is payable to the state; and

(C) is in a proper penalty for the performance of the contract;

that the person will pay all damages occasioned by nonfulfillment of the contract. The damages may be recovered in a court with jurisdiction.

IC 14-26-8-37

Pre-1995 Recodification Citation: 13-2-18-15 part.

As added by P.L. 1-1995, SEC.19.