Sec. 1. As used in this chapter, “bail bond” means a bond executed by a person who has been arrested for the commission of an offense, for the purpose of ensuring:

(1) the person’s appearance at the appropriate legal proceeding;

(2) another person’s physical safety; or

(3) the safety of the community.

As added by Acts 1981, P.L.298, SEC.2. Amended by P.L.221-1996, SEC.1.