Indiana Code 5-10.2-8-3. Prohibition against commingling of assets
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Terms Used In Indiana Code 5-10.2-8-3
- Assets: (1) The property comprising the estate of a deceased person, or (2) the property in a trust account.
- Board: as used in this article , means the board of trustees of the Indiana public retirement system established by Indiana Code 5-10.2-1-1
- plan: refers to a voluntary supplemental retirement plan established for a political subdivision under this chapter. See Indiana Code 5-10.2-8-1
Sec. 3. The board shall maintain a separate trust for the plan, and the assets shall not be part of, or commingled with, the assets of the other funds administered by the board.
As added by P.L.5-1997, SEC.3.