Indiana § 36-12-7-10 Electronic funds transfer

Indiana Statutes

§ 36-12-7-10 — Electronic funds transfer

Indiana·Title 36 LOCAL GOVERNMENT·Art. 12 LIBRARIES·Ch. 7 Class 2 Public Libraries

(a)As used in this section, "electronic funds transfer" means any transfer of funds, other than a transaction originated by check, draft, or similar paper instrument, that is initiated through an electronic terminal, telephone, or computer or magnetic tape for the purpose of ordering, instructing, or authorizing a financial institution to debit or credit an account.

(b)A library board may adopt a resolution to authorize an electronic funds transfer method of payment of claims. If a library board adopts a resolution under this subsection, the public library may pay money from its funds by electronic funds transfer.

(c)A public library that pays a claim by electronic funds transfer shall comply with all other requirements for the payment of claims by the public library.

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(a) As used in this section, "electronic funds
transfer" means any transfer of funds, other than a transaction
originated by check, draft, or similar paper instrument, that is initiated
through an electronic terminal, telephone, or computer or magnetic
tape for the purpose of ordering, instructing, or authorizing a financial
institution to debit or credit an account.
(b) A library board may adopt a resolution to authorize an electronic
funds transfer method of payment of claims. If a library board adopts
a resolution under this subsection, the public library may pay money
from its funds by electronic funds transfer.
(c) A public library that pays a claim by electronic funds transfer
shall comply with all other requirements for the payment of claims by
the public library.

Indiana § 36-12-7-10 (Electronic funds transfer) — published by Counsel Stack Legal Research, free access to 12M+ legal documents.