CHAPTER 5. APPEAL BONDS

IC 34-49-5

    

Chapter 5. Appeal Bonds

IC 34-49-5-1

Appeal bonds governed by IC 34-56-2

    

Sec. 1. Appeal bonds for appeals taken to circuit courts are
governed by IC 34-56-2.

As added by P.L.1-1998, SEC.45.

IC 34-49-5-2

Federal agencies exempt from appeal bond requirements

    

Sec. 2. Federal agencies are exempt from appeal bond
requirements under IC 34-56-3.

As added by P.L.1-1998, SEC.45.

IC 34-49-5-3

Amount of appeal bond

    

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.

As added by P.L.46-2002, SEC.1.