Indiana § 24-11-4-1 - Posting bond
Full text of Indiana Indiana Code § 24-11-4-1 — Posting bond, with citation guidance and answers to common questions.
§ 24-11-4-1. Posting bond
Sec. 1. (a) Subject to subsection (c), upon motion by a target and a finding by the court that a target has established a reasonable likelihood that a person has made a bad faith assertion of patent infringement in violation of this article, the court shall require the person to post a bond in an amount equal to a good faith estimate of the target's costs to litigate the claim and amounts reasonably likely to be recovered under IC 24-11-5, conditioned upon payment of any amounts finally determined to be due to the target.
(b) A hearing shall be held upon the request of either party.
(c) A bond ordered under this section may not exceed two hundred fifty thousand dollars ($250,000).
(d) The court may waive the bond requirement if the court finds the person has available assets equal to the amount of the proposed bond or for other good cause shown.
As added by P.L.172-2015, SEC.1. Amended by P.L.149-2016, SEC.74.
IC 24-11-5Chapter 5. Remedies and Damages
24-11-5-1Civil actions; expenses and costs; remedies 24-11-5-2Addition to other enforcement proceedings, private right of action, remedies, and penalties
Frequently Asked Questions About Indiana § 24-11-4-1
What does Indiana Code § 24-11-4-1 cover?
Section 24-11-4-1 ("Posting bond") is part of the Indiana Code, the codified statutory law of Indiana. It sets out the legal rule or procedure described in the text above. Statutes are amended regularly, so always verify against the official source.
How do I cite Indiana § 24-11-4-1?
A common citation format is "Indiana Code § 24-11-4-1" (Indiana). Legal writing may require the code abbreviation, section number, and year or edition. Match the style required by your court, professor, or publisher.
Is this the official text of Indiana law?
No. This page is for research and education and may not include the most recent amendments. For official current law, check the Indiana official source linked on this page or consult a licensed Indiana attorney.
How does Indiana § 24-11-4-1 apply to my situation?
Statutes are interpreted in context, and application depends on your specific facts. Only a licensed attorney in Indiana can advise on how this section applies to you. Contact your state or local bar association for a referral.
Sources & Verification
Not legal advice. Verify against the official source and consult a licensed attorney in Indiana.