§ 5-16-5-0.4 “Person”
§ 5-16-5-0.5 “Public body”
§ 5-16-5-0.6 “Public work”
§ 5-16-5-1 Withholding final payments; filing claims for payment; release of surety
§ 5-16-5-2 Payment bonds; payment provisions in contracts; statements of amount due; suits on bond; application of statute to bonds and claims on state highway projects; waiver of bond requirements for certain state educational institution projects
§ 5-16-5-3 Conflicting laws
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Terms Used In Indiana Code > Title 5 > Article 16 > Chapter 5 - Withholding and Bond to Secure Payment of Subcontractors, Labor, and Materialmen

  • Contract: A legal written agreement that becomes binding when signed.
  • 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.
  • Highway: includes county bridges and state and county roads, unless otherwise expressly provided. See Indiana Code 1-1-4-5
  • Jurisdiction: (1) The legal authority of a court to hear and decide a case. Concurrent jurisdiction exists when two courts have simultaneous responsibility for the same case. (2) The geographic area over which the court has authority to decide cases.
  • person: includes a natural person, firm, limited liability company, or corporation. See Indiana Code 5-16-5-0.4
  • public body: refers to a board, commission, trustee, officer, or agent acting on behalf of the state or a commission created by law. See Indiana Code 5-16-5-0.5
  • public work: refers to the construction, erection, alteration, or repair of a public building, public improvement, or other public work, the cost of which is paid for by funds derived from taxation. See Indiana Code 5-16-5-0.6
  • Settlement: Parties to a lawsuit resolve their difference without having a trial. Settlements often involve the payment of compensation by one party in satisfaction of the other party's claims.
  • Trustee: A person or institution holding and administering property in trust.
  • Verified: when applied to pleadings, means supported by oath or affirmation in writing. See Indiana Code 1-1-4-5
  • Year: means a calendar year, unless otherwise expressed. See Indiana Code 1-1-4-5