Sec. 7. Any depository designated under this chapter may resign as a depository and relinquish all public funds on deposit with the depository. The resignation is effective:
(1) thirty (30) days after written notice is given to the state board of finance; and
(2) after settlement with the state board of finance for all public funds on deposit with the depository.
As added by P.L.18-1996, SEC.22.
Structure Indiana Code
Title 5. State and Local Administration
Article 13. Investment of Public Funds
Chapter 9.5. Designation of State Depositories
5-13-9.5-1. Application by Financial Institution to Be State Depository; Ineligibility; Certificate
5-13-9.5-2. Consideration of Applications
5-13-9.5-3. Designation of Qualified Financial Institutions as Depositories
5-13-9.5-4. Expiration of Designation as Depository
5-13-9.5-5. Filing Copy of Institution's Statement of Condition
5-13-9.5-6. Revocation of Commission of Depository; Causes