Indiana § 5-10.4-5-10 Cancellation of uncashed benefit check

Indiana Statutes

§ 5-10.4-5-10 — Cancellation of uncashed benefit check

Indiana § 5-10.4-5-10

Title 5STATE AND LOCAL ADMINISTRATION

Art. 10.4STATE TEACHERS' RETIREMENT FUND

Ch. 5Benefits

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Bluebook

Ind. Code § 5-10.4-5-10 (2026).

Text

(a)If a benefit check issued by the fund is outstanding and unpaid for more than six (6) months after the date the check is issued, the benefit check is canceled.

(b)A benefit check canceled under subsection (a) may not be honored, cashed, or accepted for payment or deposit by an individual, a bank, a trust company, a savings association, or any other financial institution or person.

(c)The cancellation of a benefit check under this section does not discharge the fund's obligation to pay the benefit for which the canceled benefit check was issued. [Pre-2006 Education Finance Recodification Citation: 21-6.1-5-9.5.]

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(a) If a benefit check issued by the fund is
outstanding and unpaid for more than six (6) months after the date the
check is issued, the benefit check is canceled.
(b) A benefit check canceled under subsection (a) may not be
honored, cashed, or accepted for payment or deposit by an individual,
a bank, a trust company, a savings association, or any other financial
institution or person.
(c) The cancellation of a benefit check under this section does not
discharge the fund's obligation to pay the benefit for which the
canceled benefit check was issued.
[Pre-2006 Education Finance Recodification Citation:
21-6.1-5-9.5.]