Indiana § 25-37-1-5.5 Reduction and waiver of surety bond

Indiana Statutes

§ 25-37-1-5.5 — Reduction and waiver of surety bond

Indiana § 25-37-1-5.5

Title 25PROFESSIONS AND OCCUPATIONS

Art. 37TRANSIENT MERCHANTS

Ch. 1Regulation of Transient Merchants by Local

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Bluebook

Ind. Code § 25-37-1-5.5 (2026).

Text

5.

(a)Notwithstanding section 5 of this chapter, a county legislative body (as defined in IC 36-1-2-9) may annually:

(1)set the amount of the bond required under section 5 of this chapter in any amount that is not greater than the amount required in section 5 of this chapter; or

(2)waive the bond required under section 5 of this chapter.

(b)A county legislative body that reduces or waives the bond under subsection (a) must inform the auditor of the county of the following:

(1)Whether a bond is required to be filed with an application with the auditor for a transient merchant license.

(2)The amount of the bond if a bond is required.

(c)An applicant filing for a transient merchant license must do the following:

(1)If filing for a transient merchant license with a county auditor who h

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5. (a) Notwithstanding section 5 of this
chapter, a county legislative body (as defined in IC 36-1-2-9) may
annually:
(1) set the amount of the bond required under section 5 of this
chapter in any amount that is not greater than the amount required
in section 5 of this chapter; or
(2) waive the bond required under section 5 of this chapter.
(b) A county legislative body that reduces or waives the bond under
subsection (a) must inform the auditor of the county of the following:
(1) Whether a bond is required to be filed with an application with
the auditor for a transient merchant license.
(2) The amount of the bond if a bond is required.
(c) An applicant filing for a transient merchant license must do the
following:
(1) If filing for a transient merchant license with a county auditor
who has been informed of a reduced bond under subsection (b),
the applicant must file:
(A) an application; and
(B) the bond;
with the county auditor.
(2) If filing for a transient merchant license with a county auditor
who has been informed that a bond has been waived under
subsection (b), the applicant must file only an application.
(d) A bond required under subsection (a)(1), although not in the
amount required under section 5 of this chapter, will for all other
purposes be treated like a bond issued under section 5 of this chapter.