Section 34-22-1-1 - Applicability of chapter; surety may require creditor or obligee to commence action on contract(a) This chapter applies to a person who is bound as surety upon a contract in writing for the: (2) performance of any act.(b) When the right of action has accrued, the surety may require, by notice in writing, the creditor or obligee to immediately institute an action upon the contract.Pre-1998 Recodification Citation: 34-1-55-1.
As added by P.L. 1-1998, SEC.17.