IC 5-10.4-3-14 — Management of custodial account
Chapter 3. Board
Section text
Sec. 14. All income and other receipts from securities may be: (1) collected by the custodian bank or safekeeping bank approved for that purpose by the board and deposited in the custodial account or a checking account of the board; (2) reinvested from the custodial account or checking account when the board determines that the receipts may be safely invested; or (3) withdrawn by the board for the immediate needs of the fund from the checking account or custodial account.
As added by P.L.2-2006, SEC.28. Amended by P.L.115-2009, SEC.14.
Source: official publisher (2026 edition)