Indiana Statutes
§ 5-13-13-8 — Reopening or reorganization of closed depository
Indiana·Title 5 STATE AND LOCAL ADMINISTRATION·Art. 13 INVESTMENT OF PUBLIC FUNDS·Ch. 13 Payments From the Public Deposit Insurance Fund
(a)If in any closed depository there are public
funds of the state or of any political subdivision, the treasurer of state
may, with the consent of the state board of finance, if the public funds
belong to the state, and the public officer who has charge of the public
funds of any political subdivision, may, with the consent of the local
board of finance of the political subdivision to which the public funds
belong, join with other depositors of the closed depository in a plan for
reopening or the reorganization of the closed depository.
(b)The treasurer of state may bind the state, or any proper local
officer may bind the political subdivision, as the case may be, after
being authorized, as provided in this chapter, in accordance with the
terms of the plan for reopening or reorganizatio
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Legislative History
As added by P.L.19-1987, SEC.15. Amended by P.L.18-1996,
SEC.27.
Nearby Sections
15
§ 5-1-1-1
Validation§ 5-1-1-2
Repealed§ 5-1-10-1
Issuance; purpose; restrictions§ 5-1-11-7
Restrictions on powers§ 5-1-11.5-1
"ADM"§ 5-1-11.5-2
"Bonds"§ 5-1-11.5-3
Application to certain school corporations§ 5-1-12-1
"Municipal corporation" defined