Indiana Statutes
§ 27-9-3-23 — Discharge of surety under releasing bond
Indiana § 27-9-3-23
This text of Indiana § 27-9-3-23 (Discharge of surety under releasing bond) 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 § 27-9-3-23 (2026).
Text
The liability of a surety under a releasing
bond or other like obligation shall be discharged to the extent of the
value of the indemnifying property recovered or the indemnifying lien
nullified and avoided by the liquidator, or where the property is
retained under section 22 of this chapter to the extent of the amount
paid to the liquidator.
As added by Acts 1979, P.L.255, SEC.1.
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Bluebook (online)
Indiana § 27-9-3-23, Counsel Stack Legal Research, https://law.counselstack.com/statute/in/27-9-3-23.