Indiana Code 5-4-5-4. Bonds executed before passage of act
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Terms Used In Indiana Code 5-4-5-4
- Corporation: A legal entity owned by the holders of shares of stock that have been issued, and that can own, receive, and transfer property, and carry on business in its own name.
Sec. 4. In the event that any surety bond shall have been procured and executed, prior to February 28, 1925, by any officer whose term of office will extend beyond February 28, 1925, any deferred payments on any such bond which may fall due on or after January 1, 1926, shall be paid, as provided in this chapter, out of the funds of the state or of the municipal corporation or political subdivision or institution in and for which such public official is acting.
Formerly: Acts 1925, c.30, s.4. As amended by P.L.25-1986, SEC.16.