§ 36-2-10-19 — "Financial institution" defined; duties and responsibilities as tax collecting agents

Indiana § 36-2-10-19

• Jurisdiction: Indiana
• Title 36: LOCAL GOVERNMENT
• Art. 2: GOVERNMENT OF COUNTIES GENERALLY
• Ch. 10: County Treasurer

Text

(a) As used in this section, "financial
institution" means any of the following:
(1) A bank, trust company, or mutual savings bank incorporated
under Indiana law.
(2) A national banking association with its principal office in
Indiana.
(3) A savings association operating under Indiana law.
(4) A federally chartered savings association with its principal
office or a branch in Indiana.
(5) A federally chartered savings bank with its principal office or
a branch in Indiana.
(6) A credit union chartered under Indiana law or United States
law having its principal office in Indiana.
(b) The treasurer may designate one (1) or more financial
institutions in the county as the treasurer's agent for collecting
payments of taxes that are not delinquent.
(c) A designated financial institution may issue an official receipt
of the treasurer for taxes the financial institution collects.
(d) A designated financial institution shall make a daily settlement
with the treasurer for all taxes the financial institution collects.
(e) A designated financial institution is responsible for all taxes the
financial institution collects.
(f) This section does not affect IC 5-13.
[Pre-Local Government Recodification Citations:
17-3-33.5-1; 17-3-33.5-2; 17-3-33.5-3; 17-3-33.5-4;
17-3-33.5-5.]
As added by Acts 1980, P.L.212, SEC.1. Amended by
P.L.19-1987, SEC.48; P.L.140-1992, SEC.1; P.L.79-1998,
SEC.106.