Indiana Statutes
§ 34-22-1-7 — When confessed judgment or default judgment by surety not permitted
Indiana·Title 34 CIVIL LAW AND PROCEDURE·Art. 22 CAUSES OF ACTION: SURETY'S REMEDIES·Ch. 1 Remedies of Sureties Against Their Principals
No surety or representative of a surety shall confess judgment or suffer judgment, by default, in any case, when the surety or representative is notified that there is a valid defense, if the principal will:
(1)enter as a defendant to the action; and
(2)tender to the surety or the representative good security to
indemnify him, to be approved by the court.
[Pre-1998 Recodification Citation: 34-1-55-7.]
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Indiana § 34-22-1-7 (When confessed judgment or default judgment by surety not permitted) — published by Counsel Stack Legal Research, free access to 12M+ legal documents.
Legislative History
As added by P.L.1-1998, SEC.17.
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