Sec. 12. Cancellation of Surety Bond. A surety may not cancel or annul a surety bond filed in accordance with the provisions of this title after it has been approved by the commission. However, a surety, with the consent of the commission, may cancel a bond and be released from liability accruing after the effective date of the cancellation. The commission shall not approve a cancellation until the surety has paid and discharged in full its liability to the state on the bond to the date of the approval of the cancellation.
[Pre-1973 Recodification Citation: 7-1-1-42(f).]
Formerly: Acts 1973, P.L.55, SEC.1.
Structure Indiana Code
Title 7.1. Alcohol and Tobacco
7.1-3-1-0.1. Application of Certain Amendments to Chapter
7.1-3-1-1. Issuance of Permits Authorized
7.1-3-1-1.5. Intent of General Assembly Concerning Sales of Carryout
7.1-3-1-2. No Property Right in Permit
7.1-3-1-3. Term of Permits; Renewal; Effective Upon Final Approval; Letter of Authority to Operate
7.1-3-1-3.1. Letters of Extension
7.1-3-1-3.5. Permits Deposited Before July 1, 2019
7.1-3-1-4. Applications for Permits; General
7.1-3-1-5. Application for Permits; Disclosures; Permit Premises Pending
7.1-3-1-5.5. Applications for Permits; Counties With Consolidated City; Notice; Affidavit
7.1-3-1-5.6. Permit Renewal Requirements
7.1-3-1-6. Applications for Permits; Consent to Search
7.1-3-1-7. Surety Bonds; Amounts
7.1-3-1-8. Terms and Conditions of Surety Bond
7.1-3-1-10. Surety Bond; Approval
7.1-3-1-11. Cash in Lieu of Bond
7.1-3-1-12. Cancellation of Surety Bond
7.1-3-1-15. Service While Standing
7.1-3-1-17. Transportation of Alcoholic Beverages; General
7.1-3-1-18. Publication of Notice
7.1-3-1-19. Character of the Business Test
7.1-3-1-21. Sponsoring Amateur Athletic Event
7.1-3-1-23. Pharmacy Exemption
7.1-3-1-23.5. Wine Appreciation Course Instructor Exemption
7.1-3-1-24. Religious Exemption
7.1-3-1-25. Authorization to Permit the Sale of Alcoholic Beverages at Certain Public Facilities
7.1-3-1-26. Sales Among Collectors
7.1-3-1-27. Affidavit of Compliance by Retailer Permittee; Financial Statements
7.1-3-1-28. Posting Notice of Application