Indiana § 30-2-16-4 "Static balance"

Indiana Statutes

§ 30-2-16-4 — "Static balance"

Indiana·Art. 2 GENERAL PROVISIONS·Ch. 16 Payroll Savings Plan Administration

As used in this chapter, "static balance" means an amount held by a payroll savings plan administrator for a participant who:

(1)is not making allotments of payroll deductions to the payroll savings plan administrator; but

(2)has not terminated the individual's directions to the participant's employer or the employer's payroll savings plan administrator to purchase United States savings bonds for the individual when a sufficient balance accumulates to pay the purchase price.

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As used in this chapter, "static balance" means
an amount held by a payroll savings plan administrator for a participant
who:
(1) is not making allotments of payroll deductions to the payroll
savings plan administrator; but
(2) has not terminated the individual's directions to the
participant's employer or the employer's payroll savings plan
administrator to purchase United States savings bonds for the
individual when a sufficient balance accumulates to pay the
purchase price.

Indiana § 30-2-16-4 ("Static balance") — published by Counsel Stack Legal Research, free access to 12M+ legal documents.