Sec. 2. All warrants or checks drawn upon public funds of a political subdivision that are outstanding and unpaid for a period of two (2) or more years as of the last day of December of each year are void. No individual, bank, trust company, building and loan association, or any other financial institution may honor, cash, or accept for payment or deposit any such warrant or check which may be presented for payment and which has been issued and outstanding for a period of two (2) or more years as of the last day of December of any year.
[Pre-Local Government Recodification Citation: 19-11-3-2.]
As added by Acts 1980, P.L.8, SEC.47. Amended by P.L.64-1999, SEC.1.
Structure Indiana Code
Title 5. State and Local Administration
Article 11. Accounting for Public Funds
Chapter 10.5. Disposition of Warrants and Checks
5-11-10.5-1. "Political Subdivision" Defined
5-11-10.5-2. Outstanding Unpaid Warrants or Checks Void
5-11-10.5-3. List of Outstanding Warrants or Checks
5-11-10.5-5. Procedure Upon Receipt of List
5-11-10.5-7. Agreements to Pay for Assistance in Recovering Outstanding and Unpaid Check or Warrant