Sec. 12. (a) The treasurer of state or the treasurer of state's agent may rent safety deposit boxes or vaults of one (1) or more banks or trust companies located in the state and keep in them securities in the treasurer of state's or agent's custody, or give the securities to a bank, trust company, or other depository to hold as custodian under IC 5-13.
(b) A bank, trust company, or other depository which accepts securities as custodian shall:
(1) clip coupons;
(2) surrender matured issues for collection; and
(3) receive the proceeds of all collections and remit them to the treasurer of state.
As added by Acts 1979, P.L.22, SEC.1. Amended by P.L.19-1987, SEC.2; P.L.215-2016, SEC.62.
Structure Indiana Code
Title 4. State Offices and Administration
Article 8.1. Treasurer of State
Chapter 2. The Treasurer of State
4-8.1-2-1. Safekeeping and Investment of Money and Securities
4-8.1-2-2. Receipt, Accounting For, and Payment of Funds
4-8.1-2-3. Delivery of Money and Securities to Successor
4-8.1-2-4. Commencement of Term; Bond of Treasurer and Deputies
4-8.1-2-5. Use of Funds as Provided by Law; Unlawful Receipt of Gratuities
4-8.1-2-7. Payment of Money Upon Warrant of Auditor; Transfer of Funds
4-8.1-2-9. Sufficiency of Funds for Payment of Warrant
4-8.1-2-10. Double Entry Records; Detail
4-8.1-2-11. Money Deposited by Public Debtors for Use of State
4-8.1-2-12. Rental of Safety Deposit Boxes or Vaults; Duties of Depositories That Accept Securities
4-8.1-2-13. Embezzlement or Breach of Trust
4-8.1-2-14. Annual Report on General Fund and Funds Managed by Treasurer; Distribution of Report