Ind. Code § 14-26-8-40

Contractor's bond; aggregate liability of surety

As added by P.L.1-1995, SEC.19.

Sec. 40. The aggregate liability of the surety on a bond for all liabilities may not exceed the penalty of the bond.

Official source: Indiana General Assembly. Reproduced from public-domain Indiana statutes; confirm against the official source for the current text. Not legal advice.