Indiana Code 14-36-1-21. Performance bond
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Terms Used In Indiana Code 14-36-1-21
- operator: means a person engaged in carrying on surface mining operations. See Indiana Code 14-36-1-9
- Precedent: A court decision in an earlier case with facts and law similar to a dispute currently before a court. Precedent will ordinarily govern the decision of a later similar case, unless a party can show that it was wrongly decided or that it differed in some significant way.
Sec. 21. Contemporaneously with and as a condition precedent to the issuance of a permit, each operator must file with the director a bond payable to the department, conditioned that the operator will faithfully perform all requirements of the commission in accordance with this chapter. A bond must be signed by the operator as principal and by a corporate or individual surety approved by the director.
[Pre-1995 Recodification Citation: 13-4-6-5(f) part.]
As added by P.L.1-1995, SEC.29.