§ 34-57-1-6 Execution of bonds; conditions

Codes > Indiana Code > Title 34 > Article 57 : Chapter 1 > 34-57-1-6 Execution

34-57-1-6 Execution of bonds; conditions

    Sec. 6. When an agreement is made according to sections 1 through 5 of this chapter, the parties shall execute bonds. The bonds must contain:

    (1) a condition to abide and faithfully perform the award or umpirage;

    (2) the name of the arbitrator or arbitrators;

    (3) the matters submitted to arbitration for determination; and

    (4) an agreement to make the submission a rule of the court designated in the agreement of submission.