Ind. Code § 34-57-1-6

Current through P.L. 171-2024

Section 34-57-1-6 - Execution of bonds; conditions

When an agreement is made according to sections 1 through 5 of this chapter, the parties shall execute bonds. The bonds must contain:

(1) a condition to abide and faithfully perform the award or umpirage;

(2) the name of the arbitrator or arbitrators;

(3) the matters submitted to arbitration for determination; and

(4) an agreement to make the submission a rule of the court designated in the agreement of submission.

IC 34-57-1-6

Pre-1998 Recodification Citation: 34-4-1-3.

As added by P.L. 1-1998, SEC.53.