§ 34-49-5-3 Appeal bond to stay execution on judgment; cap; exceptions to cap

Codes > Indiana Code > Title 34 > Article 49 : Chapter 5 > 34-49-5-3 Appeal

34-49-5-3 Appeal bond to stay execution on judgment; cap; exceptions to cap

    Sec. 3. (a) An appeal bond that an appellant must post to stay execution on a judgment while an appeal is pending may not exceed twenty-five million dollars ($25,000,000) regardless of the total amount of the judgment.

    (b) Notwithstanding subsection (a), if an appellee proves by a preponderance of the evidence that an appellant is dissipating assets outside the ordinary course of business to avoid payment of a judgment, a court may enter orders that:

        (1) are necessary to protect the appellee; and

        (2) require the appellant to post a bond that is equal to the total amount of the judgment.