Indiana § 6-6-2.5-46 Filing of new bond; conditions; cancellation of license; reduction of
cash deposit by judgment; additional deposit

Indiana Statutes

§ 6-6-2.5-46 — Filing of new bond; conditions; cancellation of license; reduction of cash deposit by judgment; additional deposit

Indiana § 6-6-2.5-46

Art. 6MOTOR FUEL AND VEHICLE EXCISE TAXES

Ch. 2.5Special Fuel Tax

This text of Indiana § 6-6-2.5-46 (Filing of new bond; conditions; cancellation of license; reduction of cash deposit by judgment; additional deposit) is published on Counsel Stack Legal Research, covering Indiana primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.

Bluebook

Ind. Code § 6-6-2.5-46 (2026).

Text

(a)The commissioner may require a licensee to file a new bond with a satisfactory surety in the same form and amount if:

(1)liability upon the previous bond is discharged or reduced by the judgment rendered, payment made, or otherwise disposed of; or

(2)in the opinion of the commissioner, any surety on the previous bond becomes unsatisfactory. If the new bond is unsatisfactory, the commissioner shall cancel the license. If the new bond is satisfactorily furnished, the commissioner shall release in writing the surety on the previous bond from any liability accruing after the effective date of the new bond.

(b)If a licensee has a cash deposit with the commissioner and the deposit is reduced by a judgment rendered, payment made, or otherwise disposed of, the commissioner may require the l

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(a) The commissioner may require a licensee
to file a new bond with a satisfactory surety in the same form and
amount if:
(1) liability upon the previous bond is discharged or reduced by
the judgment rendered, payment made, or otherwise disposed of;
or
(2) in the opinion of the commissioner, any surety on the previous
bond becomes unsatisfactory.
If the new bond is unsatisfactory, the commissioner shall cancel the
license. If the new bond is satisfactorily furnished, the commissioner
shall release in writing the surety on the previous bond from any
liability accruing after the effective date of the new bond.
(b) If a licensee has a cash deposit with the commissioner and the
deposit is reduced by a judgment rendered, payment made, or
otherwise disposed of, the commissioner may require the licensee to
make a new deposit equal to the amount of the reduction.