Indiana § 27-10-2-4 Qualifications of surety

Indiana Statutes

§ 27-10-2-4 — Qualifications of surety

Indiana·Title 27 INSURANCE·Art. 10 INDIANA BAIL LAW·Ch. 2 General Provisions

Every surety for the release of a person on bail shall be qualified as:

(1)an insurer as defined and meeting the qualifications prescribed in IC 27-1-5-1, and represented by a bail agent as defined in and meeting the qualifications prescribed in this article; or

(2)a person who:

(A)has reached the age of eighteen (18) years;

(B)is a citizen of the United States;

(C)has been a bona fide resident of Indiana for at least one (1) year immediately preceding the execution of the bond;

(D)is related to the person for whom release on bail is sought within the third degree of affinity; and

(E)owns real or tangible personal property in Indiana with a net asset value that is acceptable to the proper authority approving the bond.

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Every surety for the release of a person on bail
shall be qualified as:
(1) an insurer as defined and meeting the qualifications prescribed
in IC 27-1-5-1, and represented by a bail agent as defined in and
meeting the qualifications prescribed in this article; or
(2) a person who:
(A) has reached the age of eighteen (18) years;
(B) is a citizen of the United States;
(C) has been a bona fide resident of Indiana for at least one (1)
year immediately preceding the execution of the bond;
(D) is related to the person for whom release on bail is sought
within the third degree of affinity; and
(E) owns real or tangible personal property in Indiana with a net
asset value that is acceptable to the proper authority approving
the bond.

Indiana § 27-10-2-4 (Qualifications of surety) — published by Counsel Stack Legal Research, free access to 12M+ legal documents.