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2017 Indiana Code
TITLE 23. Business and other Associations
ARTICLE 20. VICTIMS OF SECURITIES VIOLATIONS
CHAPTER 1. Restitution for Victims of Securities Violations
23-20-1-28. Securities restitution fund; threshold; suspension of payment of claims; proration of claims after suspension period
Universal Citation: IN Code § 23-20-1-28 (2017)
IC 23-20-1-28 Securities restitution fund; threshold; suspension of payment of claims; proration of claims after suspension period
Sec. 28. (a) If the fund would be reduced below two hundred fifty thousand dollars ($250,000) by payment in full of all awards that become final in a month, the division shall suspend payment of the claims that become final during the month and the following two (2) months.
(b) At the end of the suspension period, the division shall pay the suspended claims. If the fund would be exhausted by payment in full of the suspended claims, the amount paid to each claimant shall be prorated.
As added by P.L.114-2010, SEC.12.
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