Indiana Code 5-10.4-7-4. Officer’s bond required to cover failure to deduct employee contribution
Current as of: 2023 | Check for updates
|
Other versions
Sec. 4. (a) The treasurer of a school corporation, the township trustee, and the appropriate officer of any other institution covered by the fund is liable on the officer’s official bond for failure to deduct, report, and pay the contributions to the board.
(b) The board, by an action in its name prosecuted by the attorney general, may recover the contributions.
[Pre-2006 Education Finance Recodification Citation: 21-6.1-7-4.]
As added by P.L.2-2006, SEC.28.
Terms Used In Indiana Code 5-10.4-7-4
- 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
- Corporation: A legal entity owned by the holders of shares of stock that have been issued, and that can own, receive, and transfer property, and carry on business in its own name.
- Trustee: A person or institution holding and administering property in trust.