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2024 Indiana Code
Title 5. State and Local Administration
Article 13. Investment of Public Funds
Chapter 9.5. Designation of State Depositories
5-13-9.5-4. Expiration of Designation as Depository
Universal Citation:
IN Code § 5-13-9.5-4 (2024)
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Sec. 4. When the state board of finance has designated a depository for public funds, the treasurer of state shall accept the application of the financial institution to act as a depository for public funds. A designation under this section expires only under the following conditions:
(1) The board of depositories revokes the status of the financial institution as a depository under section 6 of this chapter.
(2) The financial institution resigns as a depository under section 7 of this chapter.
(3) Another law terminates the depository status of the financial institution.
As added by P.L.18-1996, SEC.22.
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