Sec. 1. (a) This section applies whenever: (1) any bond or undertaking is required in connection with any civil action or proceeding brought in any court of Indiana; and (2) in the absence of any provision of law specifying the amount of the bond or undertaking. (b) The judge of the court shall fix the penalty in an amount that the judge considers adequate, but not less than one hundred dollars ($100). (c) This section does not preclude a full and complete reconsideration of the sufficiency of the amount by the judge of the court in which the action or proceeding is pending upon the motion of any aggrieved party. [Pre-1998 Recodification Citation: 34-2-33-1.]
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