105 IAC 11-1-32
105 IAC 11-1-32 "Surety" defined
Cite as Ind. Admin. Code tit. 105, r. 11-1-32
Sec. 32. "Surety" means the corporate body bound with and for the contractor for the full and complete performance of the contract and
for the payment of all debts pertaining to the work. When applied to the bid bond, it refers to the corporate body which engages to be responsible
for the execution of the contract by the bidder, within the specified time.