Indiana Statutes

§ 27-9-3-23 — Discharge of surety under releasing bond

Indiana § 27-9-3-23
JurisdictionIndiana
Title 27INSURANCE
Art. 9SUPERVISION; REHABILITATION;
Ch. 3Formal Proceedings

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.