Indiana § 5-13-10-3 Deposit accounts; limitations on deposit; depository to file periodic
statement of condition; increase of maximum percentage in depository
on finding of excess cash

Indiana Statutes

§ 5-13-10-3 — Deposit accounts; limitations on deposit; depository to file periodic statement of condition; increase of maximum percentage in depository on finding of excess cash

Indiana § 5-13-10-3

Title 5STATE AND LOCAL ADMINISTRATION

Art. 13INVESTMENT OF PUBLIC FUNDS

Ch. 10Funds Invested by the Treasurer of State

This text of Indiana § 5-13-10-3 (Deposit accounts; limitations on deposit; depository to file periodic statement of condition; increase of maximum percentage in depository on finding of excess cash) 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 § 5-13-10-3 (2026).

Text

The treasurer of state may not deposit
aggregate funds in deposit accounts in any one (1) designated
depository in an amount aggregating at any one (1) time more than fifty
percent (50%) of the combined capital, surplus, and undivided profits
of that depository as determined by its last published statement of
condition filed with the treasurer of state. Each depository shall file
with the treasurer of state each periodic statement of condition required
to be filed by it with its governmental supervisory body. If the state
board for depositories finds that excess cash of the state is substantially
more than that which had been anticipated, it may increase that
maximum percentage in any depository, and the treasurer of the state
may invest the additional funds in deposit accounts distributed

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The treasurer of state may not deposit
aggregate funds in deposit accounts in any one (1) designated
depository in an amount aggregating at any one (1) time more than fifty
percent (50%) of the combined capital, surplus, and undivided profits
of that depository as determined by its last published statement of
condition filed with the treasurer of state. Each depository shall file
with the treasurer of state each periodic statement of condition required
to be filed by it with its governmental supervisory body. If the state
board for depositories finds that excess cash of the state is substantially
more than that which had been anticipated, it may increase that
maximum percentage in any depository, and the treasurer of the state
may invest the additional funds in deposit accounts distributed among
the depositories substantially in proportion to their respective capital,
surplus, and undivided profits.