Indiana § 5-10.4-3-14 Management of custodial account

Indiana Statutes

§ 5-10.4-3-14 — Management of custodial account

Indiana § 5-10.4-3-14

Title 5STATE AND LOCAL ADMINISTRATION

Art. 10.4STATE TEACHERS' RETIREMENT FUND

Ch. 3Board

This text of Indiana § 5-10.4-3-14 (Management of custodial account) 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 § 5-10.4-3-14 (2026).

Text

All income and other receipts from securities may be:

(1)collected by the custodian bank or safekeeping bank approved for that purpose by the board and deposited in the custodial account or a checking account of the board;

(2)reinvested from the custodial account or checking account when the board determines that the receipts may be safely invested; or

(3)withdrawn by the board for the immediate needs of the fund from the checking account or custodial account. [Pre-2006 Education Finance Recodification Citation: 21-6.1-3-15.]

Free access — add to your briefcase to read the full text and ask questions with AI

All income and other receipts from
securities may be:
(1) collected by the custodian bank or safekeeping bank approved
for that purpose by the board and deposited in the custodial
account or a checking account of the board;
(2) reinvested from the custodial account or checking account
when the board determines that the receipts may be safely
invested; or
(3) withdrawn by the board for the immediate needs of the fund
from the checking account or custodial account.
[Pre-2006 Education Finance Recodification Citation:
21-6.1-3-15.]