Indiana Code 5-10.3-5-6. Termination of agreements
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Terms Used In Indiana Code 5-10.3-5-6
- Board: as used in this article means the board of trustees of the Indiana public retirement system established by Indiana Code 5-10.3-1-1
- Fund: as used in this article means the public employees' retirement fund. See Indiana Code 5-10.3-1-3
Sec. 6. Termination of Agreements and Contracts. The board may terminate contracts and custodial agreements with investment counsel, trust companies and banks and may recover securities and moneys held under the custodial agreements whenever the board considers these actions necessary to protect the fund.
As added by Acts 1977, P.L.53, SEC.3.