Indiana § 9-25-7-4 Failure to pay under surety bond after entry of judgment; action in
name of state against company executing bond

Indiana Statutes

§ 9-25-7-4 — Failure to pay under surety bond after entry of judgment; action in name of state against company executing bond

Indiana·Title 9 MOTOR VEHICLES·Art. 25 FINANCIAL RESPONSIBILITY·Ch. 7 Miscellaneous Provisions

If a judgment is rendered against the principal
of a surety bond upon a liability covered by the conditions of the bond
and the judgment is not satisfied within sixty (60) days after the
judgment becomes final, the judgment creditor may, for the judgment
creditor's own use and benefit and at the judgment creditor's sole
expense, bring an action in the name of the state against the company
that executed the bond.
[Pre-1991 Recodification Citation: 9-2-1-23(d).]

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If a judgment is rendered against the principal
of a surety bond upon a liability covered by the conditions of the bond
and the judgment is not satisfied within sixty (60) days after the
judgment becomes final, the judgment creditor may, for the judgment
creditor's own use and benefit and at the judgment creditor's sole
expense, bring an action in the name of the state against the company
that executed the bond.
[Pre-1991 Recodification Citation: 9-2-1-23(d).]

Indiana § 9-25-7-4 (Failure to pay under surety bond after entry of judgment; action in name of state against company executing bond) — published by Counsel Stack Legal Research, free access to 12M+ legal documents.