Indiana Statutes
§ 26-4-4-3 — Premiums held in trust; investment of fund; interest; reversion
(a)All producer premiums submitted to the
board by a grain buyer under section 6(b) of this chapter shall be held
by the corporation in trust in the fund for carrying out the purposes of
this article. The treasurer of state shall invest the money in the fund not
currently needed to meet the obligations of the fund in the same
manner as other public funds may be invested. Interest earned from
these investments shall be credited to the fund.
(b)Money in the fund at the end of a state fiscal year does not revert
to the state general fund.
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Legislative History
As added by P.L.250-1995, SEC.1.
Nearby Sections
15
§ 26-1-1-0.3
Certain security interests considered perfected§ 26-1-1-0.5
Status of certain security interests; conditions; lapsing of perfection;
filing of financing statements§ 26-1-1-101
Short title; application§ 26-1-1-104
Construction against implicit repeal§ 26-1-1-105
Repealed§ 26-1-1-106
Remedies to be liberally administered§ 26-1-1-108
Severability