Contractor's bond; aggregate liability of surety

Ind. Code § 14-26-8-40
in effect
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Sec. 40. The aggregate liability of the surety on a bond for all liabilities may not exceed the penalty of the bond. [Pre-1995 Recodification Citation: 13-2-18-15 part.] As added by P.L.1-1995, SEC.19.
Source: Open US Law by Vaquill AI (CC BY 4.0)URL: https://iga.in.gov/laws/2026/ic/titles/14Fetched: 10/17/2026

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