Indiana § 34-49-5-3 Amount of appeal bond

Indiana Statutes

§ 34-49-5-3 — Amount of appeal bond

Indiana·Title 34 CIVIL LAW AND PROCEDURE·Art. 49 BONDS·Ch. 5 Appeal Bonds

(a)An appeal bond that an appellant must post to stay execution on a judgment while an appeal is pending may not exceed twenty-five million dollars ($25,000,000) regardless of the total amount of the judgment.

(b)Notwithstanding subsection (a), if an appellee proves by a preponderance of the evidence that an appellant is dissipating assets outside the ordinary course of business to avoid payment of a judgment, a court may enter orders that:

(1)are necessary to protect the appellee; and

(2)require the appellant to post a bond that is equal to the total amount of the judgment.

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(a) An appeal bond that an appellant must post
to stay execution on a judgment while an appeal is pending may not
exceed twenty-five million dollars ($25,000,000) regardless of the total
amount of the judgment.
(b) Notwithstanding subsection (a), if an appellee proves by a
preponderance of the evidence that an appellant is dissipating assets
outside the ordinary course of business to avoid payment of a
judgment, a court may enter orders that:
(1) are necessary to protect the appellee; and
(2) require the appellant to post a bond that is equal to the total
amount of the judgment.

Indiana § 34-49-5-3 (Amount of appeal bond) — published by Counsel Stack Legal Research, free access to 12M+ legal documents.