IC 31-14-1.5
    Chapter 1.5. Security to Secure Child Support, Custody, andParenting Time Rights

IC 31-14-1.5-1
Bonds; requirements
    Sec. 1. A bond required under this article to secure the obligationof child support, enforcement of a custody order, or enforcement ofa parenting time order must:
        (1) be in writing; and
        (2) be secured by:
            (A) at least one (1) resident freehold surety; or
            (B) a commercial insurance company.
As added by P.L.171-2001, SEC.1. Amended by P.L.68-2005,SEC.11.

IC 31-14-1.5-2
Bonds; form
    Sec. 2. A bond described in section 1 of this chapter may beprepared in substantially the following form:
STATE OF INDIANA    )
                            ) SS:
COUNTY OF __________________)
                            )
                            )
IN THE MATTER OF:
                            )
                            )
Name of Parent (As the Principal)
                            )
Name of Parent (As the Obligee)
                            )
                            )
CHILD:
                            )
Name of Child
                            )
    KNOW ALL MEN BY THESE PRESENTS, that we _________,as Principal, and _____, as Surety, are held and firmly bound unto_____, as Obligee, in the penal sum of ____ Dollars ($____), for thepayment of which well and truly to be made we hereby bindourselves and our heirs, administrators, successors, and assigns,jointly and severally, firmly by these presents.
    WHEREAS, an Order was duly made and entered by the aboveCourt in the State of Indiana, County of ____, dated ____, definingcustody, parenting time, and support rights regarding the namedchildren.
    NOW THEREFORE, the conditions of this obligation are suchthat:
    1.        No right of action on this bond shall be granted for the use

or benefit of any individual, partnership, corporation, orother entity, other than the named Obligee.
    2.        It is agreed that neither this bond nor the obligation of thisbond, nor any interest in this bond, may be assignedwithout the prior express written consent of the Surety.
    3.        Payment under this bond shall be conditioned upon theObligee's, or the representative of the Obligee's, filing amotion with the court seeking a declaration of forfeiture ofthe bond and the Court's finding and entry of a finaljudgment ordering the Principal and Surety to make suchpayment. A certified copy of the filing shall be providedto the Surety at its address of record. The Surety shallmake payment within thirty (30) days of receivingnotification of the final judgment directly to a Trusteeappointed by the Court who shall administer the funds ina fiduciary capacity.
    4.        The Surety shall not be liable hereunder for any amountlarger than the face amount of this bond.
    5.        This bond and the obligation hereunder shall terminate andbe of no further effect if the Court order requiring it ismodified in any way without the Surety's consent, theCourt order expires, or this cause is removed to anotherjurisdiction.
    6.        The Surety may file a motion with the Court for dischargeof this bond and its obligation hereunder for any goodcause. Good cause includes, but is not limited to,misrepresentation or fraud in the initial application for thisbond, nonpayment of premium, loss of collateral, orresignation of the Indemnitor. The Surety shall give noticeof any such motion to the Obligee.
    NOW THEREFORE, if the Principal faithfully complies with therequirements and conditions of the Court Order within the limitationsand parameters set forth therein, then this Obligation shall be void,otherwise it shall remain in full force and effect.
    In witness whereof, each party to this bond has caused it to beexecuted at the place and on the date indicated below.
    Signed, sealed and dated on this ____ day of ____, 20___.
Principal:                    Surety:
________________________                    ___________________________
(Name and address of Principal)    (Name and address of Surety)
________________________            ____        _______________________
( Signature of Principal) (Countersigned by attorney-in-fact)
        (Surety seal)
Witness:
As added by P.L.171-2001, SEC.1. Amended by P.L.68-2005,SEC.12.

IC 31-14-1.5-3
Forfeiture; use of proceeds
    Sec. 3. Upon forfeiture, the proceeds of the security, a bond, or

other guarantee ordered to secure the obligation of child support,enforcement of a custody order, or enforcement of a parenting timeorder under this article may only be used to:
        (1) reimburse the nonviolating party for actual costs or damagesincurred in upholding the court's order;
        (2) locate and return the child to the residence as set forth in thecourt's order, if the security, bond, or guarantee covers custodyor parenting time, or both; or
        (3) reimburse reasonable fees and court costs to the courtappointed trustee.
As added by P.L.171-2001, SEC.1. Amended by P.L.68-2005,SEC.13.

IC 31-14-1.5-4
Forfeiture; excess proceeds
    Sec. 4. Upon forfeiture, the proceeds of the security, a bond, orother guarantee ordered to secure the obligation of child support,enforcement of a custody order, or enforcement of a parenting timeorder under this article that are not applied to the expenses describedin section 3 of this chapter must be applied toward:
        (1) the child's postsecondary education; or
        (2) the support and maintenance of the child.
As added by P.L.171-2001, SEC.1. Amended by P.L.68-2005,SEC.14; P.L.2-2007, SEC.357.