Ind. Code § 5-13-10.5-13

Current through P.L. 171-2024

Section 5-13-10.5-13 - Lending securities

The treasurer of state may lend any securities acquired under section 7 or 11 of this chapter. However, securities may be lent under this section only if the agreement under which the securities are lent is collateralized by:

(1) cash; or

(2) non-cash collateral if the state is indemnified by the custodian holding the non-cash collateral;

in excess of the total market value of the loaned securities.

IC 5-13-10.5-13

Amended by P.L. 102-2014, SEC. 4, eff. 7/1/2014.

As added by P.L. 18-1996, SEC.23.