36-1-9.5-6. "Bid bond" defined

IN Code § 36-1-9.5-6 (2019) (N/A)
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Sec. 6. As used in this chapter, "bid bond" means the approved form of security furnished with a bid to guarantee that the bidder will enter into the contract if the bidder's bid is accepted.

As added by P.L.85-1991, SEC.3.