§ 22-2-4-1 — "Financial institution" defined; payment; void contracts; exceptions

(a) As used in this section, "financial institution"
means a financial institution regulated by an agency of the United
States or any state.
(b) Every corporation, limited liability company, association,
company, firm, or person engaged in Indiana in mining coal, ore, or
other mineral, quarrying stone, or in manufacturing iron, steel, lumber,
staves, heading barrels, brick, tile, machinery, agricultural or
mechanical implements, or any article of merchandise shall pay each
employee of the corporation, limited liability company, company,
association, firm, or person, if demanded, at least every two (2) weeks,
the amount due the employee for labor. The payments shall be made in
lawful money of the United States, by negotiable check, draft, or money
order, or by electronic transfer to the financial institution designated by
the employee.
(c) Any contract in violation of this section is void. This section
does not apply where employees and employers by mutual agreement
or contract have provided for payments on a weekly basis.
Formerly: Acts 1911, c.68, s.1; Acts 1971, P.L.349, SEC.1. As
amended by P.L.216-1989, SEC.1; P.L.8-1993, SEC.271.