Section 5-10.4-5-10 - Cancellation of uncashed benefit check(a) If a benefit check issued by the fund is outstanding and unpaid for more than six (6) months after the date the check is issued, the benefit check is canceled.(b) A benefit check canceled under subsection (a) may not be honored, cashed, or accepted for payment or deposit by an individual, a bank, a trust company, a savings association, or any other financial institution or person.(c) The cancellation of a benefit check under this section does not discharge the fund's obligation to pay the benefit for which the canceled benefit check was issued.Pre-2006 Education Finance Recodification Citation: 21-6.1-5-9.5.
As added by P.L. 2-2006, SEC.28.