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Ind. Code § 5-10.4-3-14

Management of custodial account

Indiana · Indiana Code Title 5 — State and Local Administration · Status: effective

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Ind. Code § 5-10.4-3-14, Management of custodial account, Indiana, version 1 as recorded 2026-09-28, yourstate.us, https://yourstate.us/provision/1607877
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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the custodial account or checking account when the board determines that the receipts may be safely invested; or (3) withdrawn by the board for the immediate needs of the fund from the checking account or custodial account.