Indiana § 5-13-9.5-4 Expiration of designation as depository

Indiana Statutes

§ 5-13-9.5-4 — Expiration of designation as depository

Indiana § 5-13-9.5-4

Title 5STATE AND LOCAL ADMINISTRATION

Art. 13INVESTMENT OF PUBLIC FUNDS

Ch. 9.5Designation of State Depositories

This text of Indiana § 5-13-9.5-4 (Expiration of designation as depository) 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 § 5-13-9.5-4 (2026).

Text

When the state board of finance has designated a depository for public funds, the treasurer of state shall accept the application of the financial institution to act as a depository for public funds. A designation under this section expires only under the following conditions:

(1)The board of depositories revokes the status of the financial institution as a depository under section 6 of this chapter.

(2)The financial institution resigns as a depository under section 7 of this chapter.

(3)Another law terminates the depository status of the financial institution.

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When the state board of finance has
designated a depository for public funds, the treasurer of state shall
accept the application of the financial institution to act as a depository
for public funds. A designation under this section expires only under
the following conditions:
(1) The board of depositories revokes the status of the financial
institution as a depository under section 6 of this chapter.
(2) The financial institution resigns as a depository under section
7 of this chapter.
(3) Another law terminates the depository status of the financial
institution.