Indiana § 5-1.3-6-16 Contracts for handling securities and money

Indiana Statutes

§ 5-1.3-6-16 — Contracts for handling securities and money

Indiana § 5-1.3-6-16

Title 5STATE AND LOCAL ADMINISTRATION

Art. 1.3LEASE FINANCING FOR RAIL PROJECTS FOR

Ch. 6Bonds and Notes

This text of Indiana § 5-1.3-6-16 (Contracts for handling securities and money) 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 § 5-1.3-6-16 (2026).

Text

The IFA or the NWIRDA may enter into agreements or contracts with any financial institution as may be necessary, desirable, or convenient in the opinion of the IFA or the NWIRDA for rendering services in connection with:

(1)the care, custody, or safekeeping of securities or other investments held or owned by the IFA or the NWIRDA;

(2)the payment or collection of amounts payable as to principal or interest; and

(3)the delivery to the IFA or the NWIRDA of securities or other investments purchased or sold by it. The IFA or the NWIRDA may also, in connection with any of the services rendered by a financial institution as to custody and safekeeping of its securities or investments, require security in the form of collateral bonds, surety agreements, or security agreements as, in the opinion

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The IFA or the NWIRDA may enter into
agreements or contracts with any financial institution as may be
necessary, desirable, or convenient in the opinion of the IFA or the
NWIRDA for rendering services in connection with:
(1) the care, custody, or safekeeping of securities or other
investments held or owned by the IFA or the NWIRDA;
(2) the payment or collection of amounts payable as to principal
or interest; and
(3) the delivery to the IFA or the NWIRDA of securities or other
investments purchased or sold by it.
The IFA or the NWIRDA may also, in connection with any of the
services rendered by a financial institution as to custody and
safekeeping of its securities or investments, require security in the form
of collateral bonds, surety agreements, or security agreements as, in the
opinion of the IFA or the NWIRDA, is necessary or desirable.