Indiana § 34-55-5-5 Actions on undertakings; damages

Indiana Statutes

§ 34-55-5-5 — Actions on undertakings; damages

Indiana·Title 34 CIVIL LAW AND PROCEDURE·Art. 55 EXECUTION OF JUDGMENTS·Ch. 5 Personal Property Taken in Execution of Judgment

The written undertaking is valid in law. An
action may be brought on the written undertaking, whenever the
condition of the written undertaking is broken, and on recovery. The
value of the property so taken, with damages not exceeding ten percent
(10%) on the value, shall be assessed in favor of the plaintiff. However,
the recovery may not exceed the amount due on the execution, and ten
percent (10%) on the principal.
[Pre-1998 Recodification Citation: 34-1-38-5.]

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The written undertaking is valid in law. An
action may be brought on the written undertaking, whenever the
condition of the written undertaking is broken, and on recovery. The
value of the property so taken, with damages not exceeding ten percent
(10%) on the value, shall be assessed in favor of the plaintiff. However,
the recovery may not exceed the amount due on the execution, and ten
percent (10%) on the principal.
[Pre-1998 Recodification Citation: 34-1-38-5.]

Indiana § 34-55-5-5 (Actions on undertakings; damages) — published by Counsel Stack Legal Research, free access to 12M+ legal documents.