Indiana § 5-10.2-2-2.5 Investment guidelines and limits established by boards; commingling
of assets

Indiana Statutes

§ 5-10.2-2-2.5 — Investment guidelines and limits established by boards; commingling of assets

Indiana § 5-10.2-2-2.5

Title 5STATE AND LOCAL ADMINISTRATION

Art. 10.2PUBLIC RETIREMENT AND DISABILITY

Ch. 2The Retirement Funds

This text of Indiana § 5-10.2-2-2.5 (Investment guidelines and limits established by boards; commingling of assets) 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 § 5-10.2-2-2.5 (2026).

Text

5.

(a)The board may establish investment guidelines and limits on all types of investments (including, but not limited to, stocks and bonds) and take other actions necessary to fulfill its duty as a fiduciary for all assets under its control, subject to the limitations and restrictions set forth in section 18 of this chapter (before its expiration), IC 5-10.3-5-3, IC 5-10.4-3-10, and IC 5-10.5-5.

(b)The board may commingle or pool assets with the assets of any other persons or entities. This authority includes, but is not limited to, the power to invest in commingled or pooled funds, partnerships, or mortgage pools, including pools that consist in part or entirely of mortgages that qualify as five star mortgages under the program established by IC 24-5-23.6. In the event of any such inve

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5. (a) The board may establish investment
guidelines and limits on all types of investments (including, but not
limited to, stocks and bonds) and take other actions necessary to fulfill
its duty as a fiduciary for all assets under its control, subject to the
limitations and restrictions set forth in section 18 of this chapter (before
its expiration), IC 5-10.3-5-3, IC 5-10.4-3-10, and IC 5-10.5-5.
(b) The board may commingle or pool assets with the assets of any
other persons or entities. This authority includes, but is not limited to,
the power to invest in commingled or pooled funds, partnerships, or
mortgage pools, including pools that consist in part or entirely of
mortgages that qualify as five star mortgages under the program
established by IC 24-5-23.6. In the event of any such investment, the
board shall keep separate detailed records of the assets invested. Any
decision to commingle or pool assets is subject to the limitations and
restrictions set forth in IC 5-10.3-5-3, IC 5-10.4-3-10, and IC 5-10.5-5.

Legislative History

As added by P.L.43-1997, SEC.1. Amended by P.L.61-2002, SEC.2; P.L.224-2003, SEC.185; P.L.2-2006, SEC.20; P.L.115-2010, SEC.2; P.L.35-2012, SEC.31; P.L.11-2023, SEC.19.