Ind. Code § 30-2-16-4

Current through P.L. 171-2024

Section 30-2-16-4 - "Static balance"

As used in this chapter, "static balance" means an amount held by a payroll savings plan administrator for a participant who:

(1) is not making allotments of payroll deductions to the payroll savings plan administrator; but

(2) has not terminated the individual's directions to the participant's employer or the employer's payroll savings plan administrator to purchase United States savings bonds for the individual when a sufficient balance accumulates to pay the purchase price.

IC 30-2-16-4

As added by P.L. 141-2005, SEC.27.