Indiana § 8-23-9-10 - Performance bonds; deposit; reinsurance; statements of amounts due
Full text of Indiana Indiana Code § 8-23-9-10 — Performance bonds; deposit; reinsurance; statements of amounts due, with citation guidance and answers to common questions.
§ 8-23-9-10. Performance bonds; deposit; reinsurance; statements of amounts due
Sec. 10. The bond shall be deposited with and held by the commissioner for the use of any party interested in the bond. The commissioner may require the reinsurance of any bond in the amount, upon the terms, and with the surety approved by the commissioner. A person, firm, limited liability company, or corporation to whom any money is due for having performed labor or furnished material or any other services rendered in the construction, improvement, or maintenance of the highways shall, within one (1) year after the acceptance of the labor, material, or services by the commissioner, furnish the sureties on the bond a statement of the amount due to any person, firm, limited liability company, or corporation.
As added by P.L.18-1990, SEC.218. Amended by P.L.8-1993, SEC.154.
Source: official Indiana text · Last verified 2026-08-27
Frequently Asked Questions About Indiana § 8-23-9-10
What does Indiana Code § 8-23-9-10 cover?
Section 8-23-9-10 ("Performance bonds; deposit; reinsurance; statements of amounts due") 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 § 8-23-9-10?
A common citation format is "Indiana Code § 8-23-9-10" (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 § 8-23-9-10 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.