Indiana § 5-4-5-4 Bonds executed before passage of act

Indiana Statutes

§ 5-4-5-4 — Bonds executed before passage of act

Indiana § 5-4-5-4

Title 5STATE AND LOCAL ADMINISTRATION

Art. 4OFFICERS' BONDS AND OATHS

Ch. 5Bonds Obtained From Surety Companies

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Bluebook

Ind. Code § 5-4-5-4 (2026).

Text

In the event that any surety bond shall have been
procured and executed, prior to February 28, 1925, by any officer
whose term of office will extend beyond February 28, 1925, any
deferred payments on any such bond which may fall due on or after
January 1, 1926, shall be paid, as provided in this chapter, out of the
funds of the state or of the municipal corporation or political
subdivision or institution in and for which such public official is acting.
Formerly: Acts 1925, c.30, s.4. As amended by P.L.25-1986,
SEC.16.

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In the event that any surety bond shall have been
procured and executed, prior to February 28, 1925, by any officer
whose term of office will extend beyond February 28, 1925, any
deferred payments on any such bond which may fall due on or after
January 1, 1926, shall be paid, as provided in this chapter, out of the
funds of the state or of the municipal corporation or political
subdivision or institution in and for which such public official is acting.
Formerly: Acts 1925, c.30, s.4. As amended by P.L.25-1986,
SEC.16.