Indiana Statutes

§ 34-22-1-2 — Discharge of surety

Indiana § 34-22-1-2
JurisdictionIndiana
Title 34CIVIL LAW AND PROCEDURE
Art. 22CAUSES OF ACTION: SURETY'S REMEDIES
Ch. 1Remedies of Sureties Against Their Principals

This text of Indiana § 34-22-1-2 (Discharge of surety) 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 § 34-22-1-2 (2026).

Text

If the creditor or obligee does not:

(1)proceed within a reasonable time to bring an action upon the contract; and
(2)prosecute the action to judgment and execution; the surety is discharged from all liability on the contract. [Pre-1998 Recodification Citation: 34-1-55-2.]

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Legislative History

As added by P.L.1-1998, SEC.17.

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15
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Bluebook (online)
Indiana § 34-22-1-2, Counsel Stack Legal Research, https://law.counselstack.com/statute/in/34-22-1-2.