When confessed judgment or default judgment by surety not
permitted
Sec. 7. No surety or representative of a surety shall confess
judgment or suffer judgment, by default, in any case, when the surety
or representative is notified that there is a valid defense, if the
principal will:
(1) enter as a defendant to the action; and
(2) tender to the surety or the representative good security to
indemnify him, to be approved by the court.
As added by P.L.1-1998, SEC.17.
Last modified: May 24, 2006