Ind. Code § 5-13-11-3

Current through P.L. 171-2024

Section 5-13-11-3 - Service charge for management of system; payment by direct charge or from interest earned

The contract may provide for the depository to assess a service charge for its management of the investment cash management system. The service charge may be paid:

(1) by direct charge to the deposit or other account; or

(2) in a manner that subtracts the service charge from interest earned on the funds in the deposit or other account.

IC 5-13-11-3

Amended by P.L. 202-2011, SEC. 3, eff. 5/10/2011.

Amended by P.L. 147-2011, SEC. 3, eff. 5/10/2011.

As added by P.L. 19-1987, SEC.13. Amended by P.L. 66-1989, SEC.2.