Indiana § 30-2-16-4 "Static balance"

Indiana Statutes

§ 30-2-16-4 — "Static balance"

Indiana § 30-2-16-4

Art. 2GENERAL PROVISIONS

Ch. 16Payroll Savings Plan Administration

This text of Indiana § 30-2-16-4 ("Static balance") is published on Counsel Stack Legal Research, covering Indiana primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.

Bluebook

Ind. Code § 30-2-16-4 (2026).

Text

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.