Indiana Code 5-13-11-3. Service charge for management of system; payment by direct charge or from interest earned
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Sec. 3. The contract may provide for the depository to assess a service charge for its management of the investment cash management system. The service charge may be paid:
(2) in a manner that subtracts the service charge from interest earned on the funds in the deposit or other account.
(1) by direct charge to the deposit or other account; or
Terms Used In Indiana Code 5-13-11-3
- Contract: A legal written agreement that becomes binding when signed.
As added by P.L.19-1987, SEC.13. Amended by P.L.66-1989, SEC.2; P.L.147-2011, SEC.3; P.L.202-2011, SEC.3.