Indiana Statutes
§ 5-4-4-14 — Liabilities of new sureties on old bond
Indiana·Title 5 STATE AND LOCAL ADMINISTRATION·Art. 4 OFFICERS' BONDS AND OATHS·Ch. 4 Insufficiency, Release, and Liability of Sureties
Any officer required to execute a bond as
provided in this chapter, in consequence of the insufficiency of the
sureties, may procure other sureties, to sign the old bond at the time set
for the hearing of such petition, and if such judge shall deem such new
sureties sufficient, no new bond shall be required; but such old bond,
with the names of the new sureties subscribed thereto, shall be directed
to be filed with the proper keeper of such bond; and such new sureties
shall be liable for all the official acts of such officer from the original
date of the execution of such bond; and such bond, thus signed by the
additional sureties, shall be valid against the principal, the original and
the new sureties; and all the sureties shall be jointly and severally liable
for the official acts of suc
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Nearby Sections
15
§ 5-1-1-1
Validation§ 5-1-1-2
Repealed§ 5-1-10-1
Issuance; purpose; restrictions§ 5-1-11-7
Restrictions on powers§ 5-1-11.5-1
"ADM"§ 5-1-11.5-2
"Bonds"§ 5-1-11.5-3
Application to certain school corporations§ 5-1-12-1
"Municipal corporation" defined