Sec. 11. Unless the bond provides a greater period of time, all suits must be brought against a surety on a bond required by this chapter within one (1) year after final settlement with the contractor under section 8 of this chapter. All suits against the surety after this time are barred.
As added by P.L.24-1985, SEC.7.
Structure Indiana Code
Title 4. State Offices and Administration
Article 13.6. State Public Works
Chapter 7. Bonding, Escrow, and Retainages
4-13.6-7-0.1. Application of Certain Amendments to Chapter
4-13.6-7-1. Application of Chapter
4-13.6-7-2. Contract Provisions for Retainage of Payments; Escrow Accounts and Agreements
4-13.6-7-3. Amount of Retainage Withheld
4-13.6-7-8. Final Settlement With Contractor