Ind. Code § 26-4-4-3
Premiums held in trust; investment of fund; interest; reversion
Indiana · Indiana Code Title 26 — Commercial Law · Status: effective
Cite this
- Citation
- Ind. Code § 26-4-4-3, Premiums held in trust; investment of fund; interest; reversion, Indiana, version 1 as recorded 2026-09-28, yourstate.us, https://yourstate.us/provision/1661275
- Permanent ID
ys:prov:1661275@1- SHA-256
241016375c2169e20efdf5b2f06de695d7c428bb492f01f5af610a88046d888d
The hash is SHA-256 of this version's text, with every run of whitespace collapsed to a single space and the ends trimmed. The ID always leads back here, and checking it says whether the text you cited is still the current version.
Full text
Sec. 3.
(a) All producer premiums submitted to the board by a grain buyer under section 6(b) of this chapter shall be held by the corporation in trust in the fund for carrying out the purposes of this article. The treasurer of state shall invest the money in the fund not currently needed to meet the obligations of the fund in the same manner as other public funds may be invested. Interest earned from these investments shall be credited to the fund.
(b) Money in the fund at the end of a state fiscal year does not revert to the state general fund.