Indiana Code 24-3-5.4-19. Proof of qualified escrow fund by nonparticipating manufacturer
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Sec. 19. The attorney general may require a nonparticipating manufacturer to provide from the financial institution that holds the nonparticipating manufacturer’s qualified escrow fund for purposes of complying with this chapter proof of:
(2) the dates of any deposits into the qualified escrow fund; and
(1) the amount of money in the qualified escrow fund being held on behalf of the state;
Terms Used In Indiana Code 24-3-5.4-19
- Attorney: includes a counselor or other person authorized to appear and represent a party in an action or special proceeding. See Indiana Code 1-1-4-5
- Escrow: Money given to a third party to be held for payment until certain conditions are met.
- nonparticipating manufacturer: means a tobacco product manufacturer that is not a participating manufacturer. See Indiana Code 24-3-5.4-7
- qualified escrow fund: has the meaning set forth in IC 24-3-3-7. See Indiana Code 24-3-5.4-9
(3) the dates and amounts of any withdrawals from the qualified escrow fund.
As added by P.L.252-2003, SEC.16.