Sec. 1. (a) This chapter applies to a person who is bound as surety upon a contract in writing for the:
(1) payment of money; or
(2) performance of any act.
(b) When the right of action has accrued, the surety may require, by notice in writing, the creditor or obligee to immediately institute an action upon the contract.
[Pre-1998 Recodification Citation: 34-1-55-1.]
As added by P.L.1-1998, SEC.17.
Structure Indiana Code
Title 34. Civil Law and Procedure
Article 22. Causes of Action: Surety's Remedies Against Principal
Chapter 1. Remedies of Sureties Against Their Principals
34-22-1-2. Discharge of Surety
34-22-1-3. Trial on Issue of Suretyship; Two or More Defendants
34-22-1-4. Order of Levy Upon Property of Principal and Surety
34-22-1-5. Judgment Remaining in Force for Use of Surety or Other Person Making Payment
34-22-1-6. Remedies Against Codefendants and Cosureties
34-22-1-7. When Confessed Judgment or Default Judgment by Surety Not Permitted