Indiana § 5-13-10.5-5 Legal custodian; safekeeping receipts

Indiana Statutes

§ 5-13-10.5-5 — Legal custodian; safekeeping receipts

Indiana § 5-13-10.5-5

Title 5STATE AND LOCAL ADMINISTRATION

Art. 13INVESTMENT OF PUBLIC FUNDS

Ch. 10.5State Investments

This text of Indiana § 5-13-10.5-5 (Legal custodian; safekeeping receipts) 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 § 5-13-10.5-5 (2026).

Text

(a)The treasurer of state is the legal custodian of securities under this chapter. The treasurer of state shall accept safekeeping receipts or other reporting for securities from:

(1)a duly designated depository as prescribed in this article; or

(2)a financial institution located either in or out of Indiana having physical custody of securities with a combined capital and surplus of at least ten million dollars ($10,000,000) according to the last statement of condition filed by the financial institution with its governmental supervisory body.

(b)The state board of accounts may rely on safekeeping receipts or other reporting from any depository or financial institution.

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

(a) The treasurer of state is the legal
custodian of securities under this chapter. The treasurer of state shall
accept safekeeping receipts or other reporting for securities from:
(1) a duly designated depository as prescribed in this article; or
(2) a financial institution located either in or out of Indiana having
physical custody of securities with a combined capital and surplus
of at least ten million dollars ($10,000,000) according to the last
statement of condition filed by the financial institution with its
governmental supervisory body.
(b) The state board of accounts may rely on safekeeping receipts or
other reporting from any depository or financial institution.