Indiana § 14-26-8-37 Contractor's bond; requirement

Indiana Statutes

§ 14-26-8-37 — Contractor's bond; requirement

Indiana § 14-26-8-37

Art. 26LAKES AND RESERVOIRS

Ch. 8Lakes; Changes in Levels

This text of Indiana § 14-26-8-37 (Contractor's bond; requirement) is published on Counsel Stack Legal Research, covering Indiana primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.

Bluebook

Ind. Code § 14-26-8-37 (2026).

Text

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

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