Indiana Code - Taxation - Title 6, Section 6-1.1-27-4

Liability of treasurer for failure to settle

Sec. 4. If a county treasurer fails to make a semi-annual settlement
with the auditor of his county or to pay over the money due the
county, the county auditor shall notify the county prosecuting
attorney who shall bring a suit upon the bond of the county treasurer.
The county treasurer and his sureties are liable in an amount equal to
one hundred ten percent (110%) of the taxes and other charges for
which the treasurer fails to make a settlement or pay over.
(Formerly: Acts 1975, P.L.47, SEC.1.)

Last modified: May 28, 2006