§ 34-22-1-2 Discharge of surety

Codes > Indiana Code > Title 34 > Article 22 : Chapter 1 > 34-22-1-2 Discharge

34-22-1-2 Discharge of surety

    Sec. 2. If the creditor or obligee does not:

    (1) proceed within a reasonable time to bring an action upon the contract; and

    (2) prosecute the action to judgment and execution;

    the surety is discharged from all liability on the contract.